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AFTER MARKET UPDATE - FRIDAY, OCTOBER 16TH, 2015
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DOW |
+74.22 |
17,215.97 |
+0.43% |
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Volume |
939,376,570 |
+1% |
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Volume |
1,675,421,040 |
-5% |
NASDAQ |
+16.59 |
4,886.69 |
+0.34% |
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Advancers |
1,844 |
60% |
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Advancers |
1,351 |
48% |
S&P 500 |
+9.25 |
2,033.11 |
+0.46% |
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Decliners |
1,229 |
40% |
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Decliners |
1,439 |
52% |
Russell 2000 |
-0.46 |
1,162.31 |
-0.04% |
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52 Wk Highs |
59 |
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52 Wk Highs |
54 |
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S&P 600 |
+0.24 |
685.92 |
+0.04% |
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52 Wk Lows |
23 |
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52 Wk Lows |
29 |
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Major Averages' Recovery Rally Continues
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 0.7%, the S&P 500 added 0.9% and the NASDAQ climbed 1.2%. Stocks finished higher on Friday. The Dow rose 74 points to 17215. The S&P 500 climbed 9 points to 2033. The NASDAQ gained 17 points to 4886. The volume totals were reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the NYSE, but decliners narrowly outnumbered advancers on the Nasdaq exchange. Leadership improved as there were 39 stocks that made it onto the BreakOuts Page, up from the prior session total of 28 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 4 of the 6 high-ranked companies currently on the Featured Stocks Page, a disproportionately positive bias versus the broader market.
PICTURED: The Dow Jones Industrial Average rallied further above its 50-day moving average (DMA) line and rose to finish Friday's session at a new recovery high. It is approaching near-term chart resistance at its July low and its 200 DMA line.
The S&P 500 Index and Dow Jones Industrial Average both rallied to their highest closes of the ongoing recovery. The Nasdaq Composite Index joined them by also rallying above its 50 DMA line. Solid follow-through gains for the major indices established 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". Additional 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 ended the session in positive territory to cap a third-straight weekly advance. In economic news, industrial production declined 0.2% in September, which was in line with expectations. A preliminary survey by the University of Michigan revealed consumer sentiment increased more than expected in October, citing higher projected wage growth.
On the earnings front, General Electric Co (GE +3.39%) rose as profits topped projections. Honeywell (HON -1.49%) fell after reducing its full-year sales guidance. Shares of Mattel (MAT +6.04%) climbed despite missing estimates on both the top and bottom line. Schlumberger (SLB -2.17%) was lower after providing a pessimistic forward outlook.
Nine of 10 sectors in the S&P 500 finished in positive territory. Consumer staples outperformed along with healthcare and financials. Industrials were the lone group lower on the session.
Treasuries were down with the benchmark U.S. 10-year Treasury note off 4/32 to yield 2.03%. Commodities were mixed. NYMEX WTI crude finished 1.7% higher at $47.17/barrel. COMEX gold declined 0.7% to $1179.90/ounce. In FOREX, the dollar index advanced 0.3% with strength against the yen and euro.
The number of stocks listed to the Featured Stocks Page waned during deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Broker/Dealer Index Rose; Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.63%) helped the market's positive bias on Friday and financial shares were a positive influence on the major averages as the Broker/Dealer Index ($XBD +0.82%) rose, but the Bank Index ($BKX -0.21%) edged lower. Commodity-linked groups endured pressure as the Gold & Silver Index ($XAU -3.34%) the Oil Services Index ($OSX -2.36%) both fell, meanwhile the Integrated Oil Index ($XOI -+0.51%) edged higher. The tech sector was indecisive as the Biotechnology Index ($BTK -0.33%) edged lower and the Semiconductor Index ($SOX +0.11%) and Networking Index ($NWX +0.31%) edged higher.
Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX +0.63%) is consolidating above its 50-day moving (DMA) line. It recently halted its slide above its 200 DMA line and August lows then rebounded.
Oil Services |
$OSX |
178.46 |
-4.32 |
-2.36% |
-15.37% |
Integrated Oil |
$XOI |
1,223.16 |
+6.23 |
+0.51% |
-9.27% |
Semiconductor |
$SOX |
652.63 |
+0.74 |
+0.11% |
-4.98% |
Networking |
$NWX |
379.41 |
+1.18 |
+0.31% |
+6.00% |
Broker/Dealer |
$XBD |
171.71 |
+1.40 |
+0.82% |
-7.00% |
Retail |
$RLX |
1,229.13 |
+7.72 |
+0.63% |
+19.02% |
Gold & Silver |
$XAU |
56.03 |
-1.93 |
-3.33% |
-18.54% |
Bank |
$BKX |
71.03 |
-0.15 |
-0.21% |
-4.35% |
Biotech |
$BTK |
3,457.43 |
-11.40 |
-0.33% |
+0.53% |
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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. Not long ago we 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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$100.78
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-17.58
-14.85% |
$118.10
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1,565,932 332.47% of 50 DAV
50 DAV is 471,000
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$143.92 -29.97%
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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 - 10/16/2015 3:41:46 PM
It will dropped from the Featured Stocks list tonight. Damaging volume-driven losses triggered a technical sell signal. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Bounced Back Following Damaging Loss After Wedging From V-Shaped Consolidation - 10/15/2015 |
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Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
HAWK
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NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services
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$41.85
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+0.24
0.58% |
$42.11
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571,708 102.27% of 50 DAV
50 DAV is 559,000
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$46.97 -10.90%
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10/9/2015
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$45.82
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PP = $46.23
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MB = $48.54
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Most Recent Note - 10/15/2015 12:25:18 PM
G - Gapped down on the prior session and the damaging volume-driven loss triggered a technical sell signal as it violated its 50 DMA line. Disciplined investors understand that the stock did not trigger a technical buy signal after highlighted in yellow in the 10/09/15 mid-day report.
>>> FEATURED STOCK ARTICLE : Met Some Resistance After Touching a New 52-Week High - 10/9/2015 |
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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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$166.11
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+5.05
3.14% |
$167.38
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736,373 75.99% of 50 DAV
50 DAV is 969,000
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$176.77 -6.03%
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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 - 10/16/2015 3:51:53 PM
G - Rebounding above its 50 DMA line with today's big 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 - 10/12/2015 |
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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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$54.36
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+0.54
1.00% |
$54.46
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317,812 83.20% of 50 DAV
50 DAV is 382,000
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$56.60 -3.95%
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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 - 10/13/2015 3:37:32 PM
Y - Color code is changed to yellow after pulling back below its "max buy" level. Prior highs in the $52 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Volume-Driven Breakout - 10/8/2015 |
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News |
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C
A
S
I |
LXFT
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NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$65.40
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-0.15
-0.23% |
$65.82
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137,293 54.92% of 50 DAV
50 DAV is 250,000
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$68.85 -5.01%
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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 - 10/15/2015 6:26:32 PM
G - Posted a gain on lighter volume today, rising from its 50 DMA line. Little resistance remains due to overhead supply however it has not formed a sound base.
>>> FEATURED STOCK ARTICLE : Consolidating After Rebound Above 50-Day Moving Average - 10/13/2015 |
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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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$45.11
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+0.30
0.67% |
$46.03
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141,185 43.44% of 50 DAV
50 DAV is 325,000
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$55.98 -19.42%
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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 - 10/16/2015 3:50:34 PM
Remains sputtering below its 50 DMA line after damaging volume-driven losses. It will be dropped from the Featured Stocks list tonight. A rebound above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Slumping Further After Recent Sell Signal Triggered - 10/14/2015 |
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SEC
News |
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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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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
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