You are not logged in.
This means you
CAN ONLY VIEW reports that were published prior to Monday, September 16, 2024.
You
MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.
AFTER MARKET UPDATE - FRIDAY, JANUARY 23RD, 2015
Previous After Market Report Next After Market Report >>>
|
|
|
|
DOW |
-141.38 |
17,672.60 |
-0.79% |
|
Volume |
767,479,290 |
-12% |
|
Volume |
1,547,600,190 |
-16% |
|
NASDAQ |
+7.48 |
4,757.88 |
+0.16% |
|
Advancers |
1,366 |
43% |
|
Advancers |
1,277 |
42% |
|
S&P 500 |
-11.33 |
2,051.82 |
-0.55% |
|
Decliners |
1,707 |
53% |
|
Decliners |
1,638 |
54% |
|
Russell 2000 |
-1.44 |
1,188.93 |
-0.12% |
|
52 Wk Highs |
317 |
|
|
52 Wk Highs |
94 |
|
|
S&P 600 |
-2.04 |
683.82 |
-0.30% |
|
52 Wk Lows |
38 |
|
|
52 Wk Lows |
57 |
|
|
 |
Major Averages Pulled Back With Less Volume Following Big Thursday Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the holiday shortened week, the Dow was up +0.9%, the S&P 500 rose +1.6% and the NASDAQ Composite gained +2.7%. Stocks were mostly lower on Friday. The Dow fell 141 points to 17,672. The S&P 500 shed 11 points to 2,051. The NASDAQ was 7 points higher at 4,757. The volume totals were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange, a reassuring sign that institutional selling was not substantial after Thursday's big volume-driven gains. Breadth was negative as decliners led advancers by a 4-3 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 87 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 66 stocks. New 52-week highs swelled and easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 7 of the 10 high-ranked companies currently on the Featured Stocks Page.
Thursday's improvement from the broader market was a very reassuring sign regarding the M criteria. However, the bullish action is not a guarantee that the major averages will reach new highs and continue into new high territory. Keep in mind that new buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system.
PICTURED: The Nasdaq Composite Index found support near prior lows and rebounded above its 50-day moving average (DMA) line during a streak of 5 consecutive gains.
The major averages experienced weakness after Thursday's rally on the ECB, unveiling a $1.1 trillion euro bond buying program. Market action appeared to be influenced by disappointing corporate profits and mixed economic data. McDonald's (MCD -1.46%) as quarterly results missed consensus estimates. United Parcel Service, Inc (UPS -9.91%) abruptly slumped after reducing its full-year forecast. On the economic front, a report showed manufacturing activity slowed in January. Additional releases revealed existing home sales grew +2.4% in December and the leading indicators index increased +0.5% last month.
Materials and consumer staples were the worst performing sectors on the session. Steel producer Allegheny Technologies (ATI -4.14%) fell, DuPont (DD -1.73%) slumped, and Kimberly Clark (KMB -6.16%) also tumbled after it provided lower guidance. Avon Products (AVP -7.9%) fell. Utilities and tech were the best performing groups. PG&E (PCG +1.15%) and tech bellwether Apple (AAPL +0.52%) ended higher.
Treasuries climbed with the benchmark 10-year up 19/32 to yield 1.79%. In commodities, WTI crude fell 1.9% to $45.43/barrel. COMEX gold futures were down 0.6% to $1,293.50/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
|
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
|
 |
Techs Rose But Gold & Silver, Bank, and Oil Services Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Networking Index ($NWX +1.76%) led the tech sector higher on Friday while the Biotechnology Index ($BTK +0.58%) posted a smaller gain. The Retail Index ($RLX +0.12%) also inched higher, meanwhile financials were a negative influence on the major averages as the Broker/Dealer Index ($XBD -0.50%) and Bank Index ($BKX -1.42%) both fell. The Oil Services Index ($OSX -1.17%) had a negative bias while the Integrated Oil Index ($XOI -0.08%) finished flat, and the Gold & Silver Index ($XAU -3.44%) was a standout decliner.
Charts courtesy www.stockcharts.com
PICTURED: The Semiconductor Index ($SOX -0.28%) recently found support near prior highs and rebounded above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
193.42 |
-2.28 |
-1.17% |
-8.28% |
| Integrated Oil |
$XOI |
1,319.03 |
-1.03 |
-0.08% |
-2.16% |
| Semiconductor |
$SOX |
680.54 |
-1.94 |
-0.28% |
-0.92% |
| Networking |
$NWX |
351.29 |
+6.08 |
+1.76% |
-1.86% |
| Broker/Dealer |
$XBD |
170.21 |
-0.85 |
-0.50% |
-7.82% |
| Retail |
$RLX |
1,025.79 |
+1.27 |
+0.12% |
-0.67% |
| Gold & Silver |
$XAU |
78.33 |
-2.79 |
-3.44% |
+13.88% |
| Bank |
$BKX |
68.66 |
-0.99 |
-1.42% |
-7.54% |
| Biotech |
$BTK |
3,692.10 |
+21.35 |
+0.58% |
+7.36% |
|
|
|
 |
Perched at All-Time High Following 3 Quiet Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Valeant Pharmaceuticals International, Inc. (VRX +$0.47 or +0.30% to $159.66) quietly inched further above its "max buy" level and its color code was changed to green. Prior highs in the $149 area define initial support to watch on pullbacks. VRX was last shown in this FSU section on 1/06/15 with annotated daily and weekly graphs under the headline, "Formed a Big Cup-With-Handle Base Setup". It was highlighted in yellow in the 1/06/15 mid-day report (read here) with an annotated weekly graph showing a new pivot point cited based on the 12/22/14 high while building a cup-with-handle base. Subsequent gains above the pivot point on 1/08/15 were backed by +71% above average volume triggering a new technical buy signal. It faces no resistance due to overhead supply, however disciplined investors avoid chasing extended stocks more than +5% above prior highs.
VRX went through a deep consolidation below its 200 DMA line then rebounded since dropped from the Featured Stocks list on 4/04/14. It reported better than expected Sep '14 quarterly results with earnings +45% on +33 sales revenues, above the +25% minimum guideline (C criteria). A downturn in FY '07 and '08 earnings (A criteria) has been followed by a strong earnings rebound in recent years. Its current Up/Down Volume Ratio of 1.9 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 1,056 in Mar '14 to 1,156 in Dec '14, a reassuring trend concerning the I criteria. The high-ranked Medical - Ethical Drugs firm completed Public Offering on 6/18/13. The upshot of Public Offerings is that when completed the end result is typically an increase in the total number of institutional owners.
|
|
|
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
|
$279.12
|
+1.11
0.40% |
$280.24
|
2,716,568
85.78% of 50 DAV
50 DAV is 3,167,000
|
$279.22
-0.04%
|
12/29/2014
|
$260.22
|
PP = $272.85
|
|
MB = $286.49
|
Most Recent Note - 1/21/2015 6:45:32 PM
Y - Rallied for a new 52-week high and best-ever close today however the gain was backed by near average volume. Gains above a stock's pivot point must have at least +40% above average volume to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Near High Again With No Resistance - 1/16/2015
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
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$56.48
|
-1.92
-3.29% |
$57.99
|
1,754,308
83.26% of 50 DAV
50 DAV is 2,107,000
|
$63.20
-10.63%
|
1/7/2015
|
$54.96
|
PP = $58.10
|
|
MB = $61.01
|
Most Recent Note - 1/23/2015 5:42:02 PM
Y - Posted 3 consecutive losses on below average volume but raised concerns while undercutting its December highs. Support to watch is at its 50 DMA line ($52.73) where more damaging losses would raise serious concerns.
>>> 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
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$46.39
|
-0.43
-0.92% |
$47.00
|
156,764
45.84% of 50 DAV
50 DAV is 342,000
|
$52.89
-12.29%
|
10/23/2014
|
$45.21
|
PP = $46.09
|
|
MB = $48.39
|
Most Recent Note - 1/21/2015 6:47:50 PM
G - Recent gains have lacked volume conviction and a rebound above its 50 DMA line ($48.53 is still needed for its outlook to improve. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Recovery Above 50-Day Average Needed for Outlook to Improve - 1/21/2015
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
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
|
$77.83
|
+0.18
0.23% |
$78.19
|
16,361,508
68.15% of 50 DAV
50 DAV is 24,008,500
|
$82.17
-5.28%
|
12/22/2014
|
$81.79
|
PP = $81.26
|
|
MB = $85.32
|
Most Recent Note - 1/23/2015 5:52:11 PM
Y - Faces resistance due to overhead supply up through the $82 level. Color code is changed to yellow, but subsequent volume-driven gains above the pivot point are still needed to clinch a proper new (or add-on) technical buy signal. Rebounded further above its 50 DMA line ($76.66) with today's 5th consecutive gain on near or below average volume. Relative Strength rating has improved to 81, just above the 80+ minimum guideline for buy candidates.
>>> 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
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$197.16
|
+3.27
1.69% |
$199.46
|
1,633,303
136.79% of 50 DAV
50 DAV is 1,194,000
|
$199.48
-1.16%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
|
MB = $205.80
|
Most Recent Note - 1/23/2015 12:40:09 PM
Y - Rising near its 52-week high today with no resistance remaining due to overhead supply, poised for a best-ever close. Rebounded above its 50 DMA line with a considerable gain backed by 2 times average volume on 1/20/15.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 1/20/2015
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
|
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 |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$80.23
|
+1.17
1.48% |
$81.17
|
2,783,722
95.96% of 50 DAV
50 DAV is 2,901,000
|
$82.76
-3.06%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 1/22/2015 6:49:35 PM
Y - Found support and closed in the upper-third of its intra-day range today after slumping near its 50 DMA line which acted as support following a "negative reversal" last week at its 52-week high. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Support After "Negative Reversal" - 1/22/2015
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
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$126.81
|
+3.13
2.53% |
$128.18
|
1,186,808
86.88% of 50 DAV
50 DAV is 1,366,000
|
$129.42
-2.02%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 1/23/2015 5:44:30 PM
G - Posted a gain today with below average volume nearly challenging its all-time high. It still has not formed a sound base. The 50 DMA line ($119.73) and the recent low ($117.60 on 1/02/15) define important near-term support to watch where violations may trigger technical sell signals.
>>> 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
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$91.63
|
+1.05
1.16% |
$91.74
|
597,843
64.28% of 50 DAV
50 DAV is 930,000
|
$100.66
-8.97%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
|
MB = $99.33
|
Most Recent Note - 1/23/2015 5:45:49 PM
Y - Still holding its ground at its 50 DMA line ($89.94) defining support. A subsequent violation would raise greater concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Fell Near 50-Day Moving Average After Negating Prior Breakout - 1/15/2015
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
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$23.51
|
-0.24
-1.01% |
$23.98
|
129,564
63.51% of 50 DAV
50 DAV is 204,000
|
$23.75
-1.01%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
|
MB = $21.33
|
Most Recent Note - 1/23/2015 5:48:55 PM
G - Extended from any sound base, and there was a "negative reversal" for a loss on light volume today after hitting another new 52-week high. Its 50 DMA line ($20.63) defines near-term support to watch.
>>> 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
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$159.66
|
+0.47
0.30% |
$160.30
|
1,908,808
88.13% of 50 DAV
50 DAV is 2,166,000
|
$159.70
-0.03%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 1/23/2015 5:38:59 PM
G - Color code was changed to green after quietly rising above its "max buy" level, getting extended from its prior base. Prior highs in the $149 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High Following 3 Quiet Gains - 1/23/2015
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
|
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 |
|
|
|
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.
|
|
|
