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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 7TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+122.10 |
16,912.29 |
+0.73% |
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Volume |
1,157,516,140 |
+18% |
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Volume |
1,954,404,330 |
+3% |
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NASDAQ |
+42.79 |
4,791.15 |
+0.90% |
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Advancers |
2,408 |
78% |
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Advancers |
2,221 |
73% |
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S&P 500 |
+15.91 |
1,995.83 |
+0.80% |
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Decliners |
679 |
22% |
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Decliners |
809 |
27% |
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Russell 2000 |
+18.91 |
1,152.60 |
+1.67% |
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52 Wk Highs |
36 |
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52 Wk Highs |
44 |
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S&P 600 |
+10.79 |
679.69 |
+1.61% |
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52 Wk Lows |
13 |
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52 Wk Lows |
36 |
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Breadth Positive as Major Averages Rose With Higher Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Wednesday. The Dow rose 122 points to 16912. The S&P 500 gained 15 points to 1995. The NASDAQ added 42 points to 4791. The volume totals were reported higher than the prior session total on the NYSE and on the Nasdaq exchange, a sign of better institutional buying demand. Breadth was positive as advancers led decliners by almost a 4-1 margin on the NYSE and by 11-4 on the Nasdaq exchange. Leadership improved as there were 30 stocks that made it onto the BreakOuts Page, up from the prior session total of 23 high-ranked companies from the Leaders List that made a new 52-week high. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 3 of the 5 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The S&P 500 Index has rebounded near its 50-day moving average (DMA) line after fighting to stay above its August lows. Its MACD indicator has turned bullish.
Solid follow-through gains for the major indices on Friday and Monday signaled a new confirmed uptrend (M criteria). However, all 3 major averages 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 climbed as eight of 10 S&P 500 sectors entered positive territory. Health care was helped by a bounce in biotech. Biogen (BIIB +1.18%) rose on the heels of strong drug trial results. Commodity producers also helped propel markets higher. Exxon Mobil (XOM +1.68%) lifted energy companies as it climbed. Freeport McMoRan (FCX +9.97%) rallied after it announced activist investor Carl Icahn obtained two seats on the company’s board. A weaker dollar helped Boeing (BA +1.78%) rise.
In earnings, Yum! (YUM -18.83%) tumbled badly after missing on top and bottom lines. However, Constellation Brands (STZ +2.47%) was higher on a positive profit tally. On the M&A front, Anheuser-Busch (BUD +1.24%) rose after SABMiller (SBMRF +1.55%) rejected the company’s third offer. Media General (MEG +5.75%) rose following reports it has dropped its bid for Meredith.
Economic data was light with mortgage applications snapping a losing streak by jumping over 25% last week. However, consumer credit fell to $16 billion in August from $18.9 billion the month before.
Treasuries gave back yesterday’s gains. Amid a $21 billion auction of 10-year notes, the security lost 10/32 to yield 2.07%.
Commodities were mixed. WTI crude sank 0.8% to $48.16/barrel on an unexpected inventory build. COMEX gold gained 0.2% to $1149.00/ounce.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity, Tech, Financial and Retail Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups rose further on Wednesday as the Gold & Silver Index ($XAU +1.11%), Oil Services Index ($OSX +1.14%) and the Integrated Oil Index ($XOI +1.70%) added more to their recent big gains. The Retail Index ($RLX +0.56%) was a slightly positive influence on the major averages along with financial shares as the Broker/Dealer Index ($XBD -+1.54%) and Bank Index ($BKX +0.78%) both rose. The Biotechnology Index ($BTK +2.37%) and the Semiconductor Index ($SOX +1.51%) led the Networking Index ($NWX +0.73%) higher.
Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI +1.70%) halted its slide above its August lows and rebounded above its 50-day moving average (DMA) line with a streak of 7 consecutive gains.
| Oil Services |
$OSX |
182.08 |
+2.06 |
+1.14% |
-13.65% |
| Integrated Oil |
$XOI |
1,190.08 |
+19.86 |
+1.70% |
-11.72% |
| Semiconductor |
$SOX |
631.32 |
+9.37 |
+1.51% |
-8.09% |
| Networking |
$NWX |
374.93 |
+2.74 |
+0.73% |
+4.75% |
| Broker/Dealer |
$XBD |
170.11 |
+2.57 |
+1.54% |
-7.87% |
| Retail |
$RLX |
1,211.34 |
+6.69 |
+0.56% |
+17.29% |
| Gold & Silver |
$XAU |
53.98 |
+0.60 |
+1.12% |
-21.52% |
| Bank |
$BKX |
71.23 |
+0.55 |
+0.78% |
-4.08% |
| Biotech |
$BTK |
3,430.05 |
+79.48 |
+2.37% |
-0.26% |
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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
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! |
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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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$140.36
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+5.17
3.82% |
$140.43
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351,029
111.09% of 50 DAV
50 DAV is 316,000
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$135.72
3.42%
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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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$165.05
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-0.86
-0.52% |
$167.74
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955,488
99.74% of 50 DAV
50 DAV is 958,000
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$176.77
-6.63%
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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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$54.13
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+0.45
0.84% |
$55.24
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594,624
169.89% of 50 DAV
50 DAV is 350,000
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$55.38
-2.26%
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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 - 10/7/2015 12:45:30 PM
Y - Perched at its 52-week high following a considerable volume-driven gain that triggered a technical buy signal. The high-ranked Ireland-based Computer Software - Enterprise firm's prompt rebound above the 50 DMA line helped its outlook to improve.
>>> 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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$66.43
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+0.14
0.21% |
$67.86
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218,183
87.62% of 50 DAV
50 DAV is 249,000
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$68.85
-3.51%
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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 |
Request a new note
C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
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$44.42
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-2.34
-5.00% |
$46.82
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819,840
245.46% of 50 DAV
50 DAV is 334,000
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$55.98
-20.65%
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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 - 10/6/2015 6:26:45 PM
G - Slumped below its 50 DMA line today, raising concerns amid widespread losses in the Medical group. 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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
or 954-785-1121.
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