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AFTER MARKET UPDATE - MONDAY, JANUARY 26TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+6.10 |
17,678.70 |
+0.03% |
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Volume |
779,668,100 |
+2% |
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Volume |
1,583,829,250 |
+2% |
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NASDAQ |
+13.88 |
4,771.76 |
+0.29% |
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Advancers |
2,136 |
67% |
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Advancers |
1,850 |
63% |
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S&P 500 |
+5.27 |
2,057.09 |
+0.26% |
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Decliners |
952 |
30% |
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Decliners |
1,041 |
35% |
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Russell 2000 |
+11.81 |
1,200.74 |
+0.99% |
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52 Wk Highs |
256 |
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52 Wk Highs |
88 |
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S&P 600 |
+6.34 |
690.16 |
+0.93% |
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52 Wk Lows |
46 |
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52 Wk Lows |
64 |
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Breadth Positive as Major Averages Edged Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Monday, the Dow rose 6 points to 17,678. The S&P 500 was up 5 points to 2,057. The NASDAQ was 14 points higher at 4,771. The volume totals were reported slightly higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and 9-5 on the Nasdaq exchange. There were 58 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 87 stocks. New 52-week highs easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 9 of the 11 high-ranked companies currently on the Featured Stocks Page.
Last 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 Dow is -2.3% off its all-time high, consolidating just below its 50-day moving average (DMA) line.
The major averages ended a choppy trading day fractionally higher as investors weighed the impact of the anti-austerity Syriza party winning the Greek elections held over the weekend. Market participants appeared cautious ahead of this week’s scheduled FOMC meeting and Friday’s fourth-quarter GDP release. Forecasts for blizzard conditions in the Northeast also garnered attention throughout the session.
Among earnings, Mattel (MAT -5%) fell after posting results below consensus and said its CEO resigned. D.R. Horton (DHI +5.54%) rose as profits exceeded projections. In M&A news, packaging company MeadWestvaco (MWV +14%) following its agreement to merge with rival Rock-Tenn (RKT +6.13%). Post Holdings (POST +17.8%) on news it will purchase privately-held cereal maker MOM Brands for approximately $1.2 billion.
Energy was the best performing group while technology was down the most on the session. Chevron (CVX +1.9%) rose even as NYMEX WTI crude reversed from a +1.8% gain to down -1.1% to $45.07/barrel. Shares of Microsoft (MSFT -0.36%) ahead of its earnings release after the close.
Treasuries fell with the 10-year note down 9/32 to yield 1.83%. Gold futures declined -1% to $1,279.90/ounce on the COMEX
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Biotech, and Commodity-Linked Groups Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.44%) and financial shares had a positive influence on the major averages on Monday as the Broker/Dealer Index ($XBD +0.67%) and the Bank Index ($BKX +0.84%) rose. The Biotechnology Index ($BTK +1.66%) led the tech sector while the Semiconductor Index ($SOX +0.27%) posted a smaller gain and the Networking Index ($NWX -0.03%) finished flat. Commodity-linked groups also has a positive bias as the Gold & Silver Index ($XAU +1.53%), Integrated Oil Index ($XOI +1.44%), and the Oil Services Index ($OSX +1.88%) each posted a solid gain.
Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX -0.03%) is consolidating near its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
197.05 |
+3.63 |
+1.88% |
-6.55% |
| Integrated Oil |
$XOI |
1,338.09 |
+19.06 |
+1.44% |
-0.75% |
| Semiconductor |
$SOX |
682.39 |
+1.85 |
+0.27% |
-0.65% |
| Networking |
$NWX |
351.20 |
-0.09 |
-0.03% |
-1.88% |
| Broker/Dealer |
$XBD |
171.36 |
+1.15 |
+0.67% |
-7.19% |
| Retail |
$RLX |
1,030.31 |
+4.52 |
+0.44% |
-0.23% |
| Gold & Silver |
$XAU |
79.53 |
+1.20 |
+1.53% |
+15.63% |
| Bank |
$BKX |
69.24 |
+0.58 |
+0.84% |
-6.76% |
| Biotech |
$BTK |
3,753.35 |
+61.25 |
+1.66% |
+9.14% |
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Churning Action Indicates Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Open Text Corp (OTEX +$0.18 or +0.31% to $58.78) churned above average volume while tallying a negligible gain today. That is not encouraging action, and could be a sign that many willing sellers were offsetting a lot of buying efforts. It was highlighted in yellow with pivot point cited based on its 12/24/14 high in a "double bottom" base with an annotated daily graph in the mid-day report (read here).
Convincing volume-driven gains above the pivot point are needed to trigger a technical buy signal, meanwhile, disciplined investors know that patience is paramount. Very little resistance remains due to overhead supply up through the $60 level. A subsequent move into new high territory with conviction would be a sign of institutional buying demand.
This Ontario, Canada-based Computer Software - Database firm reported earnings +41% on +40% sales revenues for the Sep '14 quarter, its 3rd consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match the fact-based investment system's fundamental guidelines. There were some sub par quarterly comparisons since its last appearance in the FSU section on 7/20/11 with an annotated graph under the headline, "Holding Ground Since Negative Reversal Following Breakout. Its 7/13/11 gain with volume +187% above average had confirmed a technical buy signal, but it soon ran into trouble and went through a long and deep consolidation.
The number of top-rated funds owning OTEX rose from 591 in Mar '14 to 677 in Dec '14. Its current Up/Down Volume Ratio of 1.6 is another reassuring sign concerning the I criteria. It has maintained a very good annual earnings (the A criteria) history.
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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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$285.02
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+5.90
2.11% |
$285.09
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2,520,870
79.05% of 50 DAV
50 DAV is 3,189,000
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$280.24
1.71%
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12/29/2014
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$260.22
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PP = $272.85
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MB = $286.49
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Most Recent Note - 1/26/2015 6:19:58 PM
Y - Rallied for a 6th consecutive gain and another new 52-week high, but backed by below average volume yet again. 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 |
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C
A N
S L
I M
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AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$57.84
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+1.36
2.41% |
$58.40
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1,069,681
50.86% of 50 DAV
50 DAV is 2,103,000
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$63.20
-8.48%
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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 - 1/26/2015 6:07:54 PM
Y - Today's gain on light volume halted its slide following 3 consecutive losses. Support to watch is at its 50 DMA line ($52.90) where a damaging violation would raise concerns.
>>> FEATURED STOCK ARTICLE : Strong Finish Triggered a Technical Buy Signal - 1/7/2015
View all notes |
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CANSLIM.net Company Profile |
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News |
Chart |
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$47.30
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+0.91
1.96% |
$47.36
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252,479
74.26% of 50 DAV
50 DAV is 340,000
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$52.89
-10.57%
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10/23/2014
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$45.21
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PP = $46.09
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MB = $48.39
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Most Recent Note - 1/26/2015 6:10:30 PM
G - Today's gain lacked volume conviction, yet it finished at the session high. A rebound above its downward sloping 50 DMA line ($48.51) is still needed for its outlook to improve.
>>> 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 |
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C
A N
S L
I M
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$77.50
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-0.34
-0.43% |
$78.47
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19,239,183
80.46% of 50 DAV
50 DAV is 23,911,000
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$82.17
-5.69%
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12/22/2014
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$81.79
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PP = $81.26
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MB = $85.32
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Most Recent Note - 1/26/2015 6:15:26 PM
Y - Still faces resistance due to overhead supply up through the $82 level. Waning leadership (L criteria) in the Internet - Content industry group is a concern. Subsequent volume-driven gains for new highs are needed to clinch a new technical buy signal.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average After Stalling at 52-Week High - 1/12/2015
View all notes |
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CANSLIM.net Company Profile |
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News |
Chart |
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$201.68
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+4.52
2.29% |
$201.95
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1,316,688
109.45% of 50 DAV
50 DAV is 1,203,000
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$199.48
1.10%
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12/30/2014
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$186.26
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PP = $196.00
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MB = $205.80
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Most Recent Note - 1/26/2015 6:17:50 PM
Y - Hit a new 52-week high with today's gain backed by only +9% above average volume. No resistance remains due to overhead supply. 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 |
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CANSLIM.net Company Profile |
SEC
News |
Chart |
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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 |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
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$79.12
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-1.11
-1.38% |
$79.95
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2,853,508
97.99% of 50 DAV
50 DAV is 2,912,000
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$82.76
-4.40%
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1/5/2015
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$76.43
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PP = $78.44
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MB = $82.36
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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 |
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C
A N
S L
I M
|
OTEX
-
NASDAQ
Open Text Corp
INTERNET - Internet Software and Services
|
$58.78
|
+0.18
0.31% |
$59.17
|
398,916
178.09% of 50 DAV
50 DAV is 224,000
|
$60.44
-2.75%
|
1/26/2015
|
$58.41
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PP = $59.67
|
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MB = $62.65
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Most Recent Note - 1/26/2015 1:02:29 PM
Y - Color code is changed to yellow with pivot point cited based on its 12/24/14 high in a "double bottom" base. Volume-driven gains above the pivot point are needed to trigger a technical buy signal, then very little resistance remains due to overhead supply. Reported earnings +41% on +40% sales revenues for the Sep '14 quarter, its 3rd consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match the fact-based investment system's fundamental guidelines.
>>> FEATURED STOCK ARTICLE : Churning Action Indicates Distributional Pressure - 1/26/2015
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$126.93
|
+0.12
0.09% |
$127.33
|
1,135,039
83.77% of 50 DAV
50 DAV is 1,355,000
|
$129.42
-1.93%
|
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
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C
A N
S L
I M
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$93.20
|
+1.57
1.71% |
$93.78
|
655,684
70.28% of 50 DAV
50 DAV is 933,000
|
$100.66
-7.41%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
|
MB = $99.33
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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
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$23.93
|
+0.42
1.79% |
$24.33
|
164,624
81.90% of 50 DAV
50 DAV is 201,000
|
$23.98
-0.21%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
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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
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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 |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$159.86
|
+0.20
0.13% |
$160.99
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1,652,740
76.23% of 50 DAV
50 DAV is 2,168,000
|
$160.30
-0.27%
|
1/5/2015
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$144.84
|
PP = $149.90
|
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MB = $157.40
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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
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C
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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