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AFTER MARKET UPDATE - FRIDAY, JANUARY 30TH, 2015
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DOW |
-251.90 |
17,164.95 |
-1.45% |
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Volume |
1,191,458,560 |
+41% |
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Volume |
2,053,104,980 |
+6% |
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NASDAQ |
-48.17 |
4,635.24 |
-1.03% |
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Advancers |
999 |
31% |
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Advancers |
709 |
21% |
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S&P 500 |
-26.26 |
1,994.99 |
-1.30% |
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Decliners |
2,126 |
66% |
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Decliners |
2,503 |
76% |
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Russell 2000 |
-24.79 |
1,165.39 |
-2.08% |
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52 Wk Highs |
220 |
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52 Wk Highs |
49 |
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S&P 600 |
-13.59 |
670.38 |
-1.99% |
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52 Wk Lows |
111 |
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52 Wk Lows |
95 |
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Breadth Negative and Volume Increased as Major Averages Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Overall, each of the major averages fell by at least -2.6% this week and finished lower for a second month. The Dow posted a monthly loss of -3.7%, the S&P 500 fell -3.1% and the NASDAQ declined -2.1%. Behind Friday's large losses the volume totals were reported higher than the prior session total on the NYSE and on the Nasdaq exchange, a clear sign of more worrisome distributional pressure. Breadth was solidly negative as decliners led advancers by more than a 2-1 margin on the NYSE and more than 3-1 on the Nasdaq exchange. Leadership again contracted as there were only 13 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, half the prior session total of 26 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange. There were gains for only 2 of the 11 high-ranked companies currently on the Featured Stocks Page.
Deterioration in the broader market was a bad sign concerning the M criteria after last week's progress was quickly erased and followed by more worrisome damage. Members were cautioned - "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 S&P 500 Index fell 26 points to 1,994, slumping toward prior lows and its 200-day moving average (DMA) line defining important near-term support. Friday's loss on higher volume was a clear sign of institutional selling termed "distribution".
Stocks ended the month on a down note. The Dow lost 251 points to 17,164. The NASDAQ Composite declined 48 points to 4,635.
The major averages retreated after a report showed the U.S. economy expanded at a slower than expected pace. GDP grew at a 2.6% annualized rate in the fourth quarter, missing analyst estimates for a 3% gain and following a 5% advance in the third quarter. Other data was positive. Manufacturing in the Chicago area expanded at a faster pace than anticipated in January and a separate report revealed consumer confidence reached an 11-year high.
Nine of the 10 sectors in the S&P 500 declined. Utilities and consumer staples were the worst performing groups. Southern Co (SO -3.92%) and Wal-Mart (WMT -3.12%) both slumped. Occidental Petroleum (OXY +2.16%) rose while energy-linked stocks advanced as WTI crude jumped +6.7% to $47.52 per barrel. On the earnings front, Amazon.com (AMZN +13.71%) rallied after posting a better-than-expected profit tally.
Treasuries staged a rally. The 10-year note gained 30/32 to yield a 20-month low of 1.65%.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financials and Techs Fell; Commodity-Linked Groups Posted Standout Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were the standout gainers on Friday as the Gold & Silver Index ($XAU +2.94%) and Oil Services Index ($OSX +2.91%) both rose nearly +3% and the Integrated Oil Index ($XOI +0.70%) posted a smaller gain. The Retail Index ($RLX +0.21%) edged higher. Meanwhile, the Semiconductor Index ($SOX -2.02%) and Networking Index ($NWX -1.94%) led the tech sector's retreat while the Biotechnology Index ($BTK -0.09%) finished flat. The Broker/Dealer Index ($XBD -1.78%) and Bank Index ($BKX -1.42%) also both suffered losses and were a negative influence on the major averages.
Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD -1.78%) is consolidating near its 200-day moving average (DMA) line which recently acted as support.
| Oil Services |
$OSX |
187.20 |
+5.29 |
+2.91% |
-11.22% |
| Integrated Oil |
$XOI |
1,303.99 |
+9.06 |
+0.70% |
-3.27% |
| Semiconductor |
$SOX |
653.14 |
-13.49 |
-2.02% |
-4.91% |
| Networking |
$NWX |
342.17 |
-6.78 |
-1.94% |
-4.41% |
| Broker/Dealer |
$XBD |
165.84 |
-3.00 |
-1.78% |
-10.18% |
| Retail |
$RLX |
1,030.30 |
+2.14 |
+0.21% |
-0.24% |
| Gold & Silver |
$XAU |
79.40 |
+2.27 |
+2.94% |
+15.44% |
| Bank |
$BKX |
66.74 |
-0.96 |
-1.42% |
-10.13% |
| Biotech |
$BTK |
3,705.77 |
-3.40 |
-0.09% |
+7.75% |
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Weak Finish Below 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Facebook Inc (FB -$2.09 or -2.68% to $75.91) churned above average volume this week and finished below its 50-day moving average (DMA) line, not making meaningful price progress - a sign of distributional pressure. It faces resistance due to overhead supply up through the $82 level. Waning leadership (L criteria) in the Internet - Content industry group was noted as a concern and the group now has a D rating. firm was last shown in this FSU section on 1/12/15 with annotated graphs under the headline, "Consolidating Near 50-Day Average After Stalling at 52-Week High". And convincing volume-driven gains above the pivot point are still needed to clinch a proper new (or add-on) technical buy signal. The high-ranked Internet - Content firm was last shown in this FSU section on 12/04/14 with annotated graphs under the headline, "Gains for New Highs Backed By Lighter Volume", as it finished at a new all-time high with a gain on lighter volume. Members were then reminded - "Gains above a pivot point should be backed by a minimum of +40% above average volume to trigger a proper technical buy signal. A new pivot point was cited based on its 10/28/14 high plus 10 cents. No resistance remains due to overhead supply." Disciplined investors wait for fresh proof of heavy institutional buying demand, then buy stocks that are breaking out before they have risen more than +5% above their pivot point.
The company reported earnings +59% on +59% sales revenues for the Sep '14 quarter but warned of rising costs. That marked its 6th consecutive quarterly comparison with earnings increasing well above the +25% minimum (C criteria). Its Up/Down Volume ration of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Internet - Content group leader has seen the number of top-rated funds owning its shares rise from 1,116 in Dec '12 to 2,484 in Dec '14, a reassuring sign concerning the I criteria. Members were previously warned - "Keep in mind that its large supply of 2.54 billion shares in the public float makes it an unlikely sprinter, especially as it is already well known by the institutional crowd and the general public."
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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
|
$266.54
|
-6.71
-2.46% |
$273.03
|
2,747,839
85.87% of 50 DAV
50 DAV is 3,200,000
|
$285.09
-6.51%
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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 - 1/29/2015 6:46:18 PM
Y - Pulled back for a 3rd consecutive loss on below average volume. Recent gains helped it hit a new 52-week high, but volume lacked conviction. 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
|
$55.31
|
-1.37
-2.42% |
$57.92
|
1,358,940
64.83% of 50 DAV
50 DAV is 2,096,000
|
$63.20
-12.48%
|
1/7/2015
|
$54.96
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PP = $58.10
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MB = $61.01
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Most Recent Note - 1/29/2015 6:48:21 PM
Y - Volume totals have been below average while consolidating in a tight trading range above its 50 DMA line ($53.43) where a damaging violation would trigger a technical sell signal. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Staying Above 50-Day Moving Average - 1/27/2015
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
|
$48.93
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+1.12
2.34% |
$50.45
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631,572
188.53% of 50 DAV
50 DAV is 335,000
|
$52.89
-7.49%
|
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 - 1/30/2015 6:37:31 PM
Y - Rebounded above its 50 DMA line with a volume-driven gain helping its outlook to improve and its color code is changed to yellow.
>>> 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 |
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News |
Chart |
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C
A N
S L
I M
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$75.91
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-2.09
-2.68% |
$78.16
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42,579,836
169.19% of 50 DAV
50 DAV is 25,167,000
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$82.17
-7.62%
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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 - 1/30/2015 6:31:07 PM
G - Slumped below its 50 DMA line, enduring distributional pressure. Faces resistance due to overhead supply up through the $82 level. Waning leadership (L criteria) in the Internet - Content industry group was noted as a concern. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Weak Finish Below 50-Day Moving Average Line - 1/30/2015
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
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$195.19
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-4.81
-2.41% |
$202.00
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1,471,461
117.72% of 50 DAV
50 DAV is 1,250,000
|
$213.33
-8.50%
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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 - 1/28/2015 1:07:31 PM
Y - Reported earnings +93% on +32% sales revenues for the Dec '14 quarter. There was a "negative reversal" after gapping up today and hitting a new 52-week high. Prior gains lacked great volume conviction. No resistance remains due to overhead supply.
>>> 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 |
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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
|
$79.34
|
-0.53
-0.66% |
$80.48
|
2,455,888
81.21% of 50 DAV
50 DAV is 3,024,000
|
$82.76
-4.13%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 1/28/2015 1:15:54 PM
Y - Small gap up gain today has it poised for a best-ever close, and little resistance remains to hinder its progress. Its 50 DMA line acted as support following a "negative reversal" at its 52-week high.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Support After "Negative Reversal" - 1/22/2015
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Chart |
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C
A N
S L
I M
|
OTEX
-
NASDAQ
Open Text Corp
INTERNET - Internet Software and Services
|
$56.67
|
+0.82
1.47% |
$56.94
|
464,417
162.44% of 50 DAV
50 DAV is 285,900
|
$60.44
-6.24%
|
1/26/2015
|
$58.41
|
PP = $59.67
|
|
MB = $62.65
|
Most Recent Note - 1/29/2015 12:58:17 PM
G - Gapped down for a damaging volume-driven loss violating its 50 DMA line triggering a technical sell signal on the prior session. Finding support at its 200 DMA line, however its Relative Strength rating has slumped to 71, below the 80+ minimum guideline for buy candidates. Reported earnings +23% on +29% sales revenues for the Dec '14 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns. It did not clear the previously noted "double bottom" base and trigger a convincing technical buy signal. See the latest FSU analysis for more details and an annotated weekly graph.
>>> FEATURED STOCK ARTICLE : Churning Action Indicates Distributional Pressure - 1/26/2015
View all notes |
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$126.39
|
-2.90
-2.24% |
$129.57
|
1,175,831
87.23% of 50 DAV
50 DAV is 1,348,000
|
$130.00
-2.78%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 1/29/2015 6:41:30 PM
G - No resistance remains and it ended near the session high with a gain on below average volume for a best-ever close. The 50 DMA line ($121.14) and recent low ($117.60 on 1/02/15) define important near-term support to watch where violations may trigger technical sell signals. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Finished With a Loss and Near Session Low After Chance at Best-Ever Close - 1/28/2015
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C
A N
S L
I M
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$87.53
|
-5.46
-5.87% |
$92.58
|
1,056,541
112.40% of 50 DAV
50 DAV is 940,000
|
$100.66
-13.04%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
|
MB = $99.33
|
Most Recent Note - 1/30/2015 6:33:45 PM
G - Violated its 50 DMA line with a big loss on higher volume today and triggered a technical sell signal. Color code is changed to green. A rebound above the 50 DMA line is needed for its outlook to improve.
>>> 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
|
$24.43
|
-1.20
-4.68% |
$25.80
|
2,454,560
1,115.71% of 50 DAV
50 DAV is 220,000
|
$26.27
-7.00%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
|
MB = $21.33
|
Most Recent Note - 1/30/2015 6:35:38 PM
G - Down today for a volume-driven loss. It is extended from any sound base. Prior highs in the $22 area and its 50 DMA line define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Extended After Tallying More Volume-Driven Gains - 1/29/2015
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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
|
$159.97
|
-1.54
-0.95% |
$161.73
|
1,409,782
66.03% of 50 DAV
50 DAV is 2,135,000
|
$162.80
-1.74%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 1/28/2015 6:28:44 PM
G - Reversed into the red for a small loss on average volume after hitting another new 52-week high today. Extended from any sound base. Its 50 DMA line defines near-term support to watch.
>>> 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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