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AFTER MARKET UPDATE - MONDAY, OCTOBER 5TH, 2015
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DOW |
+304.06 |
16,776.43 |
+1.85% |
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Volume |
1,067,724,010 |
+1% |
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Volume |
1,850,144,610 |
-8% |
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NASDAQ |
+73.48 |
4,781.26 |
+1.56% |
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Advancers |
2,747 |
88% |
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Advancers |
2,346 |
79% |
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S&P 500 |
+35.69 |
1,987.05 |
+1.83% |
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Decliners |
377 |
12% |
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Decliners |
638 |
21% |
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Russell 2000 |
+27.52 |
1,141.64 |
+2.47% |
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52 Wk Highs |
50 |
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52 Wk Highs |
41 |
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S&P 600 |
+17.69 |
672.36 |
+2.70% |
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52 Wk Lows |
19 |
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52 Wk Lows |
35 |
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Leadership Improves as Rally Resumes
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Markets closed higher on Monday. The Dow rose 304 points to 16776. The S&P 500 climbed 35 points to 1987. The NASDAQ added 73 points to 4781. Solid follow-through gains for the major indices signaled a new confirmed uptrend (M criteria). The volume totals on Monday were reported mixed, higher than the prior session total on the NYSE, but slightly lower on the Nasdaq exchange. Breadth was convincingly positive as advancers led decliners by a 7-1 margin on the NYSE and by more than 3-1 on the Nasdaq exchange. Leadership improved meaningfully as there were 35 stocks that made it onto the BreakOuts Page, up from the prior session total of 10 high-ranked companies from the Leaders List that made a new 52-week high. New 52-week highs improved on the NYSE and on the Nasdaq exchange, outnumbering a shrinking list of new 52-week lows on both exchanges. There were gains for all 5 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The Dow Jones Industrial Average rebounded near its 50-day moving average (DMA). Monday marked its highest close of the recovery.
PICTURED: The S&P 500 Index's +1.4% gain on Friday with higher volume marked a follow-through day on Day 4 of a new rally. Its MACD indicator turned bullish. It faces near-term resistance at prior highs and its 50-day moving average (DMA) line.
All 3 major averages (M criteria) remain well below their 200-day moving average lines. Members have been repeatedly reminded in recent weeks 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.
The major averages advanced on Monday as traders speculated the Fed may hold off on any potential rate increases. Economic data from both ISM and Markit showed slower-than-anticipated services sector improvement during September. Meanwhile, the labor market conditions index last month fell to 0, missing estimates for a drop to 1.4.
All 10 sectors of the S&P 500 finished in positive territory. Industrials posted the best profit. New labor contracts pushed Deere & Co (DE +6.31%) higher. Nelson Peltz announced a $2.5 billion stake in General Electric Co (GE +5.30%). Commodity producers gained in sympathy with raw material prices, as Exxon Mobil (XOM +1.23%) and Freeport-McMoRan (FCX +5.27%) rose. In tech, FireEye (FEYE slumped -3.57 on the heels of bearish analyst remarks. After negotiating with United Auto Workers, Ford Motor Co (F +1.43%) rose.
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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Commodity-Linked Groups Led Tech, Retail and Financials
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were standout gainers on Monday as the Gold & Silver Index ($XAU +4.59%), Oil Services Index ($OSX +4.23%) and the Integrated Oil Index ($XOI +3.00%) each ratcheted higher. The Retail Index ($RLX +1.46%) was a positive influence on the major averages along with financial shares as the Broker/Dealer Index ($XBD +3.00%) and Bank Index ($BKX +2.17%) both rose. The tech sector saw big gains from the Semiconductor Index ($SOX +1.87%) and the Networking Index ($NWX +2.83%) while the Biotechnology Index ($BTK -0.62%) ended lower.
Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX +1.46%) rebounded above its 50-day moving average (DMA) line with a solid gap up gain helping its technical stance.
| Oil Services |
$OSX |
172.06 |
+6.98 |
+4.23% |
-18.40% |
| Integrated Oil |
$XOI |
1,141.95 |
+33.28 |
+3.00% |
-15.29% |
| Semiconductor |
$SOX |
619.85 |
+11.39 |
+1.87% |
-9.76% |
| Networking |
$NWX |
373.10 |
+10.26 |
+2.83% |
+4.23% |
| Broker/Dealer |
$XBD |
169.49 |
+4.94 |
+3.00% |
-8.20% |
| Retail |
$RLX |
1,217.69 |
+17.51 |
+1.46% |
+17.91% |
| Gold & Silver |
$XAU |
51.28 |
+2.26 |
+4.61% |
-25.44% |
| Bank |
$BKX |
70.91 |
+1.50 |
+2.16% |
-4.51% |
| Biotech |
$BTK |
3,519.98 |
-22.00 |
-0.62% |
+2.35% |
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Rebounding Near Prior High After "V" Shaped Consolidation
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
B O F I Holding Inc (BOFI +$3.41 or +2.62% to $133.54) rebounded to a best ever close today. No resistance remains due to overhead supply, however the "V" shaped consolidation over the past 10 weeks is not recognized as an ideal base pattern. Recent market strength (M criteria) gave a reassuring sign arguing in favor of new buying efforts under the fact-based investment system. BOFI was last shown in this FSU section on 9/18/15 with an annotated graph under the headline, "Slumped Below 50-Day Average With Higher Volume Loss".
It reported Jun '15 quarterly earnings +41% on +42% sales revenues, above the +25% minimum earnings guideline (C criteria). Earnings rose by +35%, +40%, +41%, +38%, and +35% in the Mar, Jun, Sep, Dec '14, and Mar '15 quarters, respectively, versus the year ago periods. Sales revenues were up +21%, +24%, +39%, +41%, and +41% during that span. Following a downturn in its FY '11 earnings its annual earnings (A criteria) history has been strong.
The number of top-rated funds owning share rose from 261 in Sep '14 to 288 in Jun '15. Leadership from other Finance - Savings & Loan issues has been reassuring concerning the L criteria. It has earned a Timeliness rating of A, and a Sponsorship rating of C. Keep in mind that its small supply of only 13.8 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling. BOFI was highlighted in yellow with pivot point cited based on its 3/23/15 high plus 10 cents in the 6/10/15 mid-day report (read here) while noted - "It clinched a technical buy signal with a gain backed by +55% above average volume on the prior session."
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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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$133.54
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+3.41
2.62% |
$133.92
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302,904
97.08% of 50 DAV
50 DAV is 312,000
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$134.79
-0.93%
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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 - 10/5/2015 6:10:05 PM
G - Rebounded near prior highs and no resistance remains due to overhead supply. The "V" shaped consolidation over the past 10 weeks is not recognized as a sound base. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebounding Near Prior High After "V" Shaped Consolidation - 10/5/2015 |
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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$168.04
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+2.28
1.38% |
$168.27
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1,005,679
106.08% of 50 DAV
50 DAV is 948,000
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$176.77
-4.94%
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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 - 10/5/2015 6:15:45 PM
G - Rose further above its 50 DMA line with today's 4th consecutive gain. 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 |
Request a new note
C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
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$54.14
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+2.84
5.54% |
$55.38
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1,503,838
464.15% of 50 DAV
50 DAV is 324,000
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$52.45
3.22%
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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 - 10/5/2015 12:27:04 PM
Y - Prompt rebound above the 50 DMA line helped its outlook to improve and its color code is changed to yellow. Touched a new 52-week high with today's early gains on above average volume. Previously noted - "Subsequent volume-driven gains for new highs may trigger a technical buy signal for the high-ranked Ireland-based Computer Software - Enterprise firm."
>>> FEATURED STOCK ARTICLE : Perched New Prior High After Big Streak Of Gains - 9/23/2015 |
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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$66.55
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+3.55
5.63% |
$66.56
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177,243
70.90% of 50 DAV
50 DAV is 250,000
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$68.85
-3.34%
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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 - 10/5/2015 6:14:28 PM
G - Rebounded further above its 50 DMA line toward prior highs with below average volume behind today's gain. Little resistance remains due to overhead supply however it has not formed a sound base.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain and Rebound Above 50-Day Moving Average Line - 9/30/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
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$50.58
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+1.97
4.05% |
$51.12
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392,129
121.40% of 50 DAV
50 DAV is 323,000
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$55.98
-9.65%
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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 - 10/5/2015 6:20:04 PM
G - Rebounded above its 50 DMA line with better volume behind today's gain. The recent low ($44.23 on 9/28/15) defines important near-term support below the 50 DMA line.
>>> FEATURED STOCK ARTICLE : Met Resistance at 50-Day Moving Average Following Violation - 10/1/2015 |
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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