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AFTER MARKET UPDATE - FRIDAY, JANUARY 16TH, 2015
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DOW |
+190.86 |
17,511.57 |
+1.10% |
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Volume |
954,248,650 |
+11% |
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Volume |
1,813,641,090 |
-0% |
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NASDAQ |
+63.56 |
4,634.38 |
+1.39% |
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Advancers |
2,540 |
80% |
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Advancers |
2,273 |
74% |
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S&P 500 |
+26.75 |
2,019.42 |
+1.34% |
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Decliners |
576 |
18% |
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Decliners |
713 |
23% |
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Russell 2000 |
+21.95 |
1,176.65 |
+1.90% |
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52 Wk Highs |
261 |
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52 Wk Highs |
46 |
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S&P 600 |
+11.77 |
678.28 |
+1.77% |
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52 Wk Lows |
97 |
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52 Wk Lows |
113 |
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Major Averages Halted 5-Day Slide With Friday's Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow Jones Industrial Average was down -1.3%, the S&P 500 Index lost -1.2% and the NASDAQ Composite Index was off -1.5%. Stocks finished higher on Friday. The Dow rose 191 points to 17,511. The NASDAQ Composite advanced 64 points to 4,634. The volume total was higher on the NYSE but volume was near the prior session total on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 4-1 margin on the NYSE and 3-1 on the Nasdaq exchange. There were 41 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 30 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE, but new lows led new highs on the Nasdaq exchange. There were gains for all 13 high-ranked companies currently on the Featured Stocks Page.
Regarding the M criteria of the fact-based investment system, further improvement from the broader market would be a reassuring sign. The major averages have endured distributional pressure for the most part since 1/08/15 when a +1.8% gain from the Nasdaq Composite Index with higher volume was noted as a follow-through day. New buying efforts should only be made in stocks meeting all fundamental and technical guidelines.
PICTURED: The S&P 500 Index gained 27 points to close at 2,019. The gain on Friday halted a 5-day losing streak, but it has been slumping toward prior lows and its 200-day moving average (DMA) line defining important near-term support to watch.
The major averages snapped a five day retreat as oil rebounded and a report showed consumer sentiment improved. WTI crude climbed +4.8% to $48.47/barrel after the IEA reduced its production forecast for non-OPEC suppliers. The University of Michigan's preliminary reading on consumer confidence climbed to its best level in 11 years. Additional releases revealed consumer prices fell -0.4% in and industrial production declined -0.1% in December.
Friday's advance was broad based with all 10 sectors in the S&P 500 up on the session. Energy and materials were the biggest gainers in the index amid higher commodity prices. Newfield Exploration (NFX +10.13%) was among many issues benefiting from oil's rise. Shares of Freeport McMoRan (FCX +4.96% rose as copper jumped +2.7% on the COMEX. In the financials, Goldman Sachs (GS -0.71%) edged lower after posting disappointing quarterly results.
Treasuries retreated with the benchmark 10-year notes down a point to 1.82%. Gold gained +0.9% on the COMEX to a four month high at $1,276.00/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Led Widespread Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.83%) was a positive influence on the major averages along with gains from financial groups as the Bank Index ($BKX +1.43%) and Broker/Dealer Index ($XBD +0.88%) finished higher on Friday. The Biotechnology Index ($BTK +2.26%) led the tech sector while the Networking Index ($NWX +1.03%) and Semiconductor Index ($SOX +1.12%) also posted solid gains. Commodity-linked groups were big gainers as the Integrated Oil Index ($XOI +3.06%) and the Oil Services Index ($OSX +4.43%) both outpaced the Gold & Silver Index ($XAU +2.99%).
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK +2.26%) is consolidating near its high after rallying from support at its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
191.73 |
+8.14 |
+4.43% |
-9.08% |
| Integrated Oil |
$XOI |
1,281.48 |
+38.09 |
+3.06% |
-4.94% |
| Semiconductor |
$SOX |
663.86 |
+7.35 |
+1.12% |
-3.35% |
| Networking |
$NWX |
343.67 |
+3.50 |
+1.03% |
-3.99% |
| Broker/Dealer |
$XBD |
171.87 |
+1.49 |
+0.88% |
-6.92% |
| Retail |
$RLX |
989.63 |
+17.81 |
+1.83% |
-4.17% |
| Gold & Silver |
$XAU |
79.52 |
+2.31 |
+2.99% |
+15.62% |
| Bank |
$BKX |
67.35 |
+0.95 |
+1.43% |
-9.31% |
| Biotech |
$BTK |
3,622.79 |
+79.95 |
+2.26% |
+5.34% |
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Perched Near High Again With No Resistance
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Actavis plc (ACT +$3.13 or +1.22% to $260.22) found support at its 50-day moving average (DMA) line recently. The Medical - Generic Drugs industry group currently has an 94 Group Relative Strength Rating. Leadership from other issues in the group is a reassuring sign concerning the L criteria. The group had an 81 rating when it was last shown in this FSU section on 12/29/14 with annotated graphs under the headline, "Formed New Base Above Prior Highs and 50-Day Moving Average". The new pivot point cited was based on its 11/26/14 high plus 10 cents. It posted a gain on 1/12/15 and touched a new high, but there was a lack of volume conviction and it finished the session below the pivot point. Subsequent volume -driven gains above the pivot point and into new high territory may trigger a new (or add-on) technical buy signal.
It rallied to new 52-week highs with volume-driven gains following mid-December news it would acquire Allergan (AGN) for $66 Billion. ACT was first highlighted in yellow in the 6/20/14 mid-day report (read here) with a pivot point based on its 2/26/14 high plus 10 cents. It reported earnings +53% on +83% sales revenues for the Sep '14 quarter, and its strong record satisfies the C criteria. Its annual earnings (A criteria) history has also been strong. The number of top-rated funds owning its shares has been on the rise, up from 1,219 in Sep '13 to 1,842 in Dec '14, and its Up/Down Volume ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days, reassuring signs concerning the I criteria.
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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 |
ACT
-
NYSE
Actavis plc
Medical-Generic Drugs
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$268.66
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+4.91
1.86% |
$269.26
|
2,098,639
65.87% of 50 DAV
50 DAV is 3,186,000
|
$276.18
-2.72%
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12/29/2014
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$260.22
|
PP = $272.85
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|
MB = $286.49
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Most Recent Note - 1/16/2015 6:56:47 PM
Y - Found support at its 50 DMA line recently. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. See the latest FSU analysis for more detail and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched Near High Again With No Resistance - 1/16/2015
View all notes |
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C
A N
S L
I M
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AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$50.88
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+0.88
1.76% |
$51.56
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754,016
79.29% of 50 DAV
50 DAV is 951,000
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$59.31
-14.21%
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10/17/2014
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$45.24
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PP = $46.02
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MB = $48.32
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Most Recent Note - 1/16/2015 4:03:03 PM
Today's gain is backed by light volume, and it needs gains above its 50 DMA line for its outlook to improve. Completed a new Public Offering on 1/08/15. It will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : Trading Below 50-Day Moving Average Line Hurts Outlook - 1/14/2015
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C
A N
S L
I M
|
ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$180.44
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+7.57
4.38% |
$180.88
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1,791,781
162.95% of 50 DAV
50 DAV is 1,099,600
|
$203.30
-11.24%
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10/23/2014
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$184.01
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PP = $185.53
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MB = $194.81
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Most Recent Note - 1/16/2015 3:51:15 PM
Up today with lighter (near average) volume after damaging losses on above average volume which negated the prior technical breakout. May likely find support at its 200 DMA line, but it faces resistance due to overhead supply up through the $203 level. It will be dropped from the Featured Stocks list tonight and needs gains above the 50 DMA line for its outlook to improve.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Resistance After Damaging Losses - 1/2/2015
View all notes |
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$56.46
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+2.85
5.32% |
$56.64
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1,728,167
81.98% of 50 DAV
50 DAV is 2,108,000
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$63.20
-10.66%
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1/7/2015
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$54.96
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PP = $58.10
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MB = $61.01
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Most Recent Note - 1/16/2015 3:31:15 PM
Y - Today's gain is backed by light volume following a streak of 3 consecutive volume-driven losses after a "negative reversal" at its 52-week high. Thursday's finish below its old high close ($56.23 on 12/03/14) raised concerns and completely negated the recent technical breakout.
>>> FEATURED STOCK ARTICLE : Strong Finish Triggered a Technical Buy Signal - 1/7/2015
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C
A N
S L
I M
|
BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$220.20
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+4.23
1.96% |
$222.00
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4,035,430
144.07% of 50 DAV
50 DAV is 2,801,000
|
$251.99
-12.62%
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10/30/2014
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$234.08
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PP = $231.51
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MB = $243.09
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Most Recent Note - 1/16/2015 3:56:32 PM
Halting its slide today with a volume-driven gain after 5 consecutive losses. It will be dropped from the Featured Stocks list tonight. Needs gains above its 50 DMA line for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Lingering Below 50-Day Moving Average Line Hurts Outlook - 1/9/2015
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C
A N
S L
I M
|
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
|
$47.45
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+2.04
4.49% |
$47.54
|
241,192
62.00% of 50 DAV
50 DAV is 389,000
|
$52.89
-10.29%
|
10/23/2014
|
$45.21
|
PP = $46.09
|
|
MB = $48.39
|
Most Recent Note - 1/16/2015 3:38:29 PM
G - Gain today is backed by light volume after losses below its recent low close ($46.24 on 12/16/14) raised concerns and triggered a technical sell signal. A rebound above its 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average - 12/31/2014
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C
A N
S L
I M
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
|
$75.18
|
+1.13
1.53% |
$75.32
|
21,785,579
88.66% of 50 DAV
50 DAV is 24,571,000
|
$82.17
-8.51%
|
12/22/2014
|
$81.79
|
PP = $81.26
|
|
MB = $85.32
|
Most Recent Note - 1/15/2015 12:44:13 PM
G - Sputtering below its 50 DMA line with today's 5th consecutive loss and its color code is changed to green. Relative Strength rating has slumped to 82, but remains above the 80+ minimum guideline for buy candidates. Needs a rebound above the 50 DMA line for its outlook to improve, and it also faces resistance due to overhead supply up through the $82 level. Subsequent volume-driven gains above the pivot point are needed to clinch a proper new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average After Stalling at 52-Week High - 1/12/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$183.82
|
+2.91
1.61% |
$184.25
|
1,430,340
126.92% of 50 DAV
50 DAV is 1,127,000
|
$199.48
-7.85%
|
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
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$77.91
|
+1.30
1.70% |
$77.92
|
3,658,534
120.58% of 50 DAV
50 DAV is 3,034,000
|
$82.76
-5.86%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 1/15/2015 12:56:55 PM
Y - Holding its ground near its 52-week high following a "negative reversal" on 1/13/15. Found prompt support at its 50 DMA line and then 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
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$125.01
|
+2.93
2.40% |
$125.18
|
845,455
60.61% of 50 DAV
50 DAV is 1,395,000
|
$129.42
-3.41%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 1/14/2015 5:38:31 PM
G - Perched near its all-time high, holding its ground with volume totals cooling. 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
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C
A N
S L
I M
|
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
|
$90.80
|
+1.61
1.81% |
$91.19
|
841,931
91.32% of 50 DAV
50 DAV is 922,000
|
$100.66
-9.80%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
|
MB = $99.33
|
Most Recent Note - 1/15/2015 5:46:36 PM
Y - Recent losses negated the prior breakout and raised concerns. Today's loss tested its 50 DMA line ($88.64) defining support where a subsequent violation would raise greater concerns and trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Fell Near 50-Day Moving Average After Negating Prior Breakout - 1/15/2015
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$22.87
|
+0.15
0.66% |
$23.33
|
170,464
81.56% of 50 DAV
50 DAV is 209,000
|
$23.33
-1.97%
|
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
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$156.93
|
+2.64
1.71% |
$157.80
|
1,872,342
84.38% of 50 DAV
50 DAV is 2,219,000
|
$159.70
-1.73%
|
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
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A N
S L
I M
|
|
|
|
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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