Help Lines 954-785-1121
 


You are not logged in. Upgrade Here
 <<<Previous Mid Day Report     Next Mid Day Report >>> 
 <<<Previous After Market Report Next After Market Report >>> 
You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Tuesday, September 17, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - TUESDAY, JANUARY 13TH, 2015
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  -27.16 17,613.68 -0.15% Volume 852,987,010 +12% Volume 2,008,840,480 +16%
NASDAQ -3.21 4,661.50 -0.07% Advancers 1,465 46% Advancers 1,468 47%
S&P 500 -5.23 2,023.03 -0.26% Decliners 1,646 51% Decliners 1,584 50%
Russell 2000 +0.54 1,180.64 +0.05% 52 Wk Highs 219   52 Wk Highs 118  
S&P 600 +2.51 680.39 +0.37% 52 Wk Lows 130   52 Wk Lows 113  

Indices Finish Volatile Session With Losses on Higher Volume

On Tuesday the major indices erased big early gains and went well into the red before finishing the session with small losses.  The volume totals on the NYSE and on the Nasdaq exchange were higher than the prior session, again showing signs of distributional pressure from institutional investors. Breadth was slightly negative as decliners led advancers by a narrow margin on the NYSE and on the Nasdaq exchange.  There were 83 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the prior session total of 42 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 4 of the 13 high-ranked companies currently on the Featured Stocks Page

The newspaper noted last Thursday's big +1.8% gain from the Nasdaq Composite Index with higher volume as a follow-through day.  Regarding the M criteria of the fact-based investment system, the better action suggested that new buying efforts may be carefully made again in stocks meeting all fundamental and technical guidelines.

 

PICTURED: The S&P 500 Index traded in a 48 point range before closing down 5 points to 2,023. It erased early gains above its 50-day moving average (DMA) line and ended with a loss, slumping near prior lows.

Stocks gave back gains to finish in negative territory on Tuesday. The Dow Jones Industrial Average was up as much as 282 points and down 143 before ending 27 points lower at 17,613.  The NASDAQ Composite declined 3 points to 4,661.

The major averages attempt to rally fell short as weakness in commodity prices weighed on the materials sector. Shares of Freeport McMoRan (FCX -7.5%) as copper dropped to a five-year low. Alcoa (AA -2.3%) fell, reversing an earlier advance after posting quarterly results above consensus estimates. Homebuilders also contributed to the market pullback. KB Homes (KBH -16.3%) sank after providing a reduced first-quarter forecast. Over in tech, Apple (AAPL +0.9%) rose following positive analyst comments. Utilities were the lone sector in positive territory with PG&E (PCG +2%) higher.

On the economic front, data before the open showed small business sentiment improved more than expected in December. A report from the Treasury Department showed the U.S. budget deficit widened slightly last month.

Treasuries ended the session little changed. The 10-year note was flat to yield 1.90% after $21 billion auction of the benchmark security drew below average demand. In commodities, NYMEX WTI crude rebounded after falling below $45/barrel to up +0.8% to $46.43. Gold futures edged -0.2% lower to $1,230.60/ounce.

Disciplined investors know that new buying efforts should only be made in stocks when all fundamental and technical guidelines are met. This should be done as the stock is breaking out of a sound base pattern. Historic studies have shown that odds are not as favorable for investors when buying stocks on pullbacks. 

The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert.  See the Premium Member Homepage for archives to all prior pay reports published.


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.


Biotech Index Rose; Gold & Silver Index Led Losing Groups

The Gold & Silver Index ($XAU -4.72%) was a standout decliner on Tuesday. The Biotechnology Index ($BTK +0.79%) led the tech sector while the Networking Index ($NWX +0.14%) inched higher, but the Semiconductor Index ($SOX -0.93%) lost ground on the session. The Bank Index ($BKX -0.69%) weighed on the major averages as it suffered a modest loss, meanwhile the Broker/Dealer Index ($XBD +0.10%) inched higher. The Retail Index ($RLX -0.33%) edged lower and the Oil Services Index ($OSX -0.15%) also ended slightly in the red.

Charts courtesy www.stockcharts.com

PICTURED: The 3-year chart of the Integrated Oil Index ($XOI -0.52%) illustrates how it met resistance at its 50-day moving average (DMA) line when attempting to rebound in recent weeks.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  189.44 -0.28 -0.15% -10.16%
Integrated Oil $XOI  1,255.47 -6.52 -0.52% -6.87%
Semiconductor $SOX  665.58 -6.24 -0.93% -3.10%
Networking $NWX  349.30 +0.47 +0.14% -2.41%
Broker/Dealer $XBD  177.81 +0.18 +0.10% -3.70%
Retail $RLX  998.70 -3.31 -0.33% -3.30%
Gold & Silver $XAU  75.30 -3.73 -4.72% +9.48%
Bank $BKX  68.97 -0.48 -0.69% -7.12%
Biotech $BTK  3,607.29 +28.30 +0.79% +4.89%


Consolidation Following "Negative Reversal" Not Considered a Sound Base

United Insurance Holding (UIHC +$0.49 or +2.28% to $21.98) flashed a "negative reversal" after touching a new 52-week high on 1/02/15. Its recent consolidation is too short to be considered a sound base pattern. The prior highs and its 50-day moving average DMA line ($20.06) define near-term support to watch. It was last shown in this FSU section on 12/23/14 with annotated graphs under the headline, "Recent Streak of Gains Lacked Volume Conviction", as it rose above its "max buy" level. Disciplined investors avoid chasing stocks more than +5% above prior highs and always limit losses by selling any stock that falls more than -7% from its purchase price.

UIHC was highlighted in yellow at $20.64 with pivot point cited based on its 11/05/14 high plus 10 cents in the 12/05/14 mid-day report (read here). Heavy volume behind gains for new highs indicated that meaningful institutional buying demand was lurking. It reported earnings +58% on +33% sales revenues for the Sep '14 quarter, its 5th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) have been strong.

It completed a new Public Offering on 2/27/14. The number of top-rated funds owning its shares rose from 30 in Dec '13 to 173 in Dec '14, and its current Up/Down Volume Ratio of 1.9 is also a reassuring sign is shares have been under accumulation over the past 50 days. 


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
ACT - NYSE
Actavis plc
Medical-Generic Drugs  
$269.90 -2.38
-0.87%

$276.18

2,910,287
92.24% of 50 DAV
50 DAV is 3,155,000
$275.75
-2.12%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
Most Recent Note - 1/12/2015 6:28:32 PM
Y - Hit a new high today but with only average volume. Found support at its 50 DMA line recently. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Formed New Base Above Prior Highs and 50-Day Moving Average - 12/29/2014
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
AFSI - NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance  
$50.36 +0.11
0.22%

$51.25

758,787
74.90% of 50 DAV
50 DAV is 1,013,000
$59.31
-15.09%
10/17/2014 $45.24 PP = $46.02
MB = $48.32
Most Recent Note - 1/12/2015 6:30:58 PM
G - Down today for a 3rd consecutive loss. Completed a new Public Offering and gapped down on 1/08/15 violating its 50 DMA line with a damaging loss that raised concerns and triggered a technical sell signal.
>>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs - 12/24/2014
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
ALXN - NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$179.21 -4.15
-2.26%

$186.14

1,598,461
149.39% of 50 DAV
50 DAV is 1,070,000
$203.30
-11.85%
10/23/2014 $184.01 PP = $185.53
MB = $194.81
Most Recent Note - 1/13/2015 6:29:03 PM
G - Down today with higher volume, slumping toward the recent low ($176.01 on 12/17/14) which defines an important near-term support level. Negated the prior technical breakout, and for its outlook to improve it needs gain above its 50 DMA line which may act as resistance. Faces resistance due to overhead supply up through the $203 level.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Resistance After Damaging Losses - 1/2/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$60.27 -1.63
-2.63%

$63.20

2,931,875
139.88% of 50 DAV
50 DAV is 2,096,000
$62.90
-4.18%
1/7/2015 $54.96 PP = $58.10
MB = $61.01
Most Recent Note - 1/13/2015 6:24:26 PM
Y - Pulled back today after touching a new 52-week high following 5 consecutive volume-driven gains. The volume-driven gain above the pivot point on 1/07/15 triggered a technical buy signal, and more convincing strength returned to the broader market (M criteria) on 1/08/15.
>>> FEATURED STOCK ARTICLE : Strong Finish Triggered a Technical Buy Signal - 1/7/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$219.60 -1.29
-0.58%

$224.50

2,876,152
94.18% of 50 DAV
50 DAV is 3,054,000
$251.99
-12.85%
10/30/2014 $234.08 PP = $231.51
MB = $243.09
Most Recent Note - 1/9/2015 6:41:13 PM
G - Rebounded near its 50 DMA line which may act as resistance. Recent lows in the $216-217 area define important near-term support where subsequent losses would raise more serious concerns. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Lingering Below 50-Day Moving Average Line Hurts Outlook - 1/9/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
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
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$47.87 +0.12
0.25%

$49.34

339,415
83.60% of 50 DAV
50 DAV is 406,000
$52.89
-9.49%
10/23/2014 $45.21 PP = $46.09
MB = $48.39
Most Recent Note - 1/8/2015 1:47:45 PM
G - Rebounding near its 50 DMA line with today's 3rd consecutive gain. Subsequent losses below its recent low close ($46.24 on 12/16/14) would raise concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average - 12/31/2014
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
FB - NASDAQ
Facebook Inc Cl A
INTERNET  
$76.45 -0.27
-0.35%

$78.08

25,150,733
95.86% of 50 DAV
50 DAV is 26,238,000
$82.17
-6.96%
12/22/2014 $81.79 PP = $81.26
MB = $85.32
Most Recent Note - 1/12/2015 6:26:48 PM
Y - Consolidating near its 50 DMA line with volume totals cooling. Resistance remains due to overhead supply up through the $82 level.Volume-driven gains above the pivot point are still needed to clinch a proper new (or add-on) technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average After Stalling at 52-Week High - 1/12/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
ILMN - NASDAQ
Illumina Inc
DRUGS - Biotechnology  
$185.09 -5.01
-2.64%

$193.17

1,878,295
170.29% of 50 DAV
50 DAV is 1,103,000
$199.48
-7.21%
12/30/2014 $186.26 PP = $196.00
MB = $205.80
Most Recent Note - 1/13/2015 6:19:02 PM
G - Violated its 50 DMA line with today's 3rd consecutive loss backed by above average volume triggering a technical sell signal and its color code is changed to green. Stalled after last week's rally from a "double bottom" base with volume-driven gains. Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Forming New Base And Fundamentals Remain Favorable - 12/30/2014
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$79.24 -1.11
-1.38%

$82.76

3,737,117
121.41% of 50 DAV
50 DAV is 3,078,000
$81.29
-2.52%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
Most Recent Note - 1/13/2015 6:22:05 PM
Y - Hit a new 52-week high today but reversed into the red following 3 consecutive gains. After finding prompt support at its 50 DMA line, gains above the pivot point backed by +66% above average volume triggered a new technical buy signal on 1/09/15.
>>> FEATURED STOCK ARTICLE : Little Resistance Remains Due to Overhead Supply - 1/5/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$124.75 -2.53
-1.99%

$128.59

1,138,420
80.97% of 50 DAV
50 DAV is 1,406,000
$129.42
-3.61%
7/30/2014 $84.21 PP = $85.88
MB = $90.17
Most Recent Note - 1/8/2015 6:07:45 PM
G - Posted a 2nd consecutive gain today with even lighter volume. Prior reports cautioned members - "It has not formed a sound base. The 50 DMA line defines near-term support to watch below recent lows." See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Tech Firm Still Extended From Any Sound Base Pattern - 1/8/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
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
RH - NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores  
$93.45 -0.69
-0.73%

$97.76

809,659
89.17% of 50 DAV
50 DAV is 908,000
$100.66
-7.16%
12/11/2014 $98.66 PP = $94.60
MB = $99.33
Most Recent Note - 1/12/2015 6:33:55 PM
Y - Still sputtering with volume totals cooling after recent losses negated the prior breakout and raised concerns. Its 50 DMA line defines the next support level to watch.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs With Volume Totals Cooling - 12/26/2014
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
UIHC - NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl  
$21.98 +0.49
2.28%

$22.44

436,600
204.98% of 50 DAV
50 DAV is 213,000
$22.44
-2.05%
12/5/2014 $20.64 PP = $20.31
MB = $21.33
Most Recent Note - 1/13/2015 6:25:52 PM
G - There was a "negative reversal" after touching a new 52-week high on 1/02/15 and it has not formed a sound base. Prior highs and its 50 DMA line ($19.87) define near-term support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidation Following "Negative Reversal" Not Considered a Sound Base - 1/13/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$158.04 +2.54
1.63%

$159.70

3,583,114
167.91% of 50 DAV
50 DAV is 2,134,000
$156.60
0.92%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 1/13/2015 6:31:10 PM
G - Color code is changed to green after rallying above its "max buy" level today and hitting new 52-week and all-time highs with another volume-driven gain.
>>> FEATURED STOCK ARTICLE : Formed a Big Cup-With-Handle Base Setup - 1/6/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup

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.

Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

Copyright © 1996-2024 Gruneisen Growth Corp. All rights reserved. Protected by the copyright laws of the United States and Canada and by international treaties

Privacy Policy | Terms of Use | Contact Us