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AFTER MARKET UPDATE - WEDNESDAY, FEBRUARY 18TH, 2015
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Indices NYSE Nasdaq
DOW  -17.73 18,029.85 -0.10% Volume 716,052,330 -6% Volume 1,560,756,850 -4%
NASDAQ +7.09 4,906.36 +0.14% Advancers 1,678 53% Advancers 1,462 50%
S&P 500 -0.66 2,099.68 -0.03% Decliners 1,411 44% Decliners 1,345 46%
Russell 2000 +2.94 1,227.95 +0.24% 52 Wk Highs 135   52 Wk Highs 95  
S&P 600 +2.21 708.04 +0.31% 52 Wk Lows 8   52 Wk Lows 32  

Leadership Contracted as Major Averages Paused

Stocks finished mixed on Wednesday. The Dow lost 17 points to 18029. The S&P 500 declined less than 1 point to 2,099. The NASDAQ advanced 7 points to 4,906.  Volume totals for the session were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was slightly positive as advancers led decliners by an 8-7 margin on the NYSE and a slimmer margin on the Nasdaq exchange. Leadership contracted as there were 62 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 94 stocks. New 52-week highs easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for only 4 of the 13 high-ranked companies currently on the Featured Stocks Page.

Concerning the M criteria, ongoing gains for the major averages have established a confirmed uptrend with a healthy crop of stocks hitting new highs.  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 600 Small Cap Index has been wedging into all-time high territory with recent gains lacking great volume conviction. Prior volume-driven gains while consolidating were signs of healthy institutional support, however, it has been a while since heavy volume accompanied gains into new high ground having the look of serious institutional accumulation.

The major averages toggled between gains and losses as investors weighed mixed economic data against FOMC meeting minutes. Housing starts and building permits for January both failed to meet estimates as cold weather crimped demand. Meanwhile, January's producer prices fell more than expected in sympathy with the price of oil. Similarly, industrial production and capacity utilization both disappointed analysts. Turning to the Fed, the first FOMC meeting minutes of 2015 demonstrated comfort with delaying a rate increase, as well as concern over international developments.

At the close, six of the 10 S&P 500 sectors were in positive territory. Utilities led the advance as a positive earnings report pushed NiSource (NI +3.17%) up. Consumer staples were another bright spot with PepsiCo (PEP +0.97%) higher. However, consumer discretionary fell as Garmin (GRMN -10.74%) sank after missing quarterly projections. Energy traded lower with the price of oil. Exxon Mobil (XOM -2.19%) fell after Warren Buffet liquidated his position in the company.

Treasuries advanced after the FOMC meeting release. The benchmark 10-year note climbed 16/32 to yield 2.08%.

In commodities, WTI crude tumbled -3.4% to $51.72/barrel while gold erased losses and finished 0.2% higher to $1,210.20/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.


Financial and Energy-Linked Groups Fell; Gold & Silver and Tech Indexes Rose

The Bank Index ($BKX -1.40%) and the Broker/Dealer Index ($XBD -0.65%) created a negative drag and weighed on the major averages on Wednesday. Weakness in energy-linked groups also limited the indices progress as the Oil Services Index ($OSX -0.83%) and the Integrated Oil Index ($XOI -0.81%) both fell. The tech sector saw gains for the Networking Index ($NWX +0.89%) and the Biotechnology Index ($BTK +1.06%) but the Semiconductor Index ($SOX -0.28%) edged lower. The Gold & Silver Index ($XAU +2.23%) was a standout gainer.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.08%) is hovering near its all-time high. 


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  206.93 -1.73 -0.83% -1.87%
Integrated Oil $XOI  1,404.62 -11.50 -0.81% +4.19%
Semiconductor $SOX  705.16 -1.98 -0.28% +2.66%
Networking $NWX  366.25 +3.23 +0.89% +2.32%
Broker/Dealer $XBD  181.20 -1.18 -0.65% -1.86%
Retail $RLX  1,094.49 -0.84 -0.08% +5.98%
Gold & Silver $XAU  76.47 +1.67 +2.23% +11.18%
Bank $BKX  71.88 -1.02 -1.40% -3.20%
Biotech $BTK  3,784.93 +39.56 +1.06% +10.06%


Violation of 50-Day Moving Average Triggered Sell Signal

Ambarella Corporation (AMBA -0.97 or -1.84% to $51.68) edged lower today with light volume. It managed a" positive reversal" on the prior session following a damaging violation of its 50-day moving average (DMA) line on 2/13/15 which triggered a technical sell signal. A prompt rebound above the 50 DMA line would help its outlook improve, however that important short-term average may act as resistance.

The high-ranked Electronics - Semiconductor firm was last shown in this FSU section on 1/27/15 with an annotated graph under the headline, "Volume Totals Cooling While Staying Above 50-Day Moving Average". Members were reminded - "A damaging violation of that important short-term average would raise concerns and trigger a technical sell signal. Keep in mind that any stock that is sold can always be bought again if strength returns. Disciplined investors do not make excuses for any stock that falls more than -7% from their purchase price.""

It was highlighted in yellow in the 1/07/15 mid-day report (read here) with pivot point cited based on its 12/04/14 high plus 10 cents. Fundamentals match with the fact-based investment system guidelines after it reported earnings +84% on +43% sales revenues for the Oct '14 quarter. Recent quarterly comparisons show improvement above the +25% minimum earnings guideline (C criteria) with sales revenues showing encouraging acceleration. The number of top-rated funds owning its shares rise from 51 in Dec '12 to 222 in Dec '14, a reassuring indication concerning the I criteria. Its small supply (S criteria) of only 27.6 million shares in the public float can contribute to great price volatility in the event of institutional buying or selling.


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  
$284.00 -2.90
-1.01%

$289.68

4,967,602
202.18% of 50 DAV
50 DAV is 2,457,000
$288.80
-1.66%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
Most Recent Note - 2/18/2015 11:56:47 AM
Y - Touched a new 52-week high today then reversed into the red. Reported better than expected Dec '14 earnings and gave encouraging guidance. Color code is changed to yellow after retreating below its "max buy" level. Recent low ($262.00 on 2/02/15) defines important near-term support below its 50 DMA line where violations would raise more serious concerns.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line - 2/2/2015
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
AFSI - NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance  
$55.24 -0.31
-0.56%

$55.99

599,909
72.63% of 50 DAV
50 DAV is 826,000
$59.31
-6.86%
2/11/2015 $56.02 PP = $59.41
MB = $62.38
Most Recent Note - 2/17/2015 1:58:02 PM
G - Recent volume-driven gain above its 50 DMA line helped its technical stance and outlook improve. Fundamental concerns were raised by earnings for the Dec '14 quarter reported below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Financial Firms Dec '14 Earnings Raised Fundamental Concerns - 2/11/2015
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
AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services  
$70.29 -0.07
-0.10%

$70.58

1,631,028
105.57% of 50 DAV
50 DAV is 1,545,000
$70.86
-0.80%
2/13/2015 $68.46 PP = $65.49
MB = $68.76
Most Recent Note - 2/17/2015 12:09:37 PM
G - Color code is changed to green after getting extended from its prior base. Prior highs in the $65 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hitting New Highs With Four Consecutive Volume-Driven Gains - 2/13/2015
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
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$51.68 -0.97
-1.84%

$52.83

1,056,767
51.35% of 50 DAV
50 DAV is 2,058,000
$63.20
-18.23%
1/7/2015 $54.96 PP = $58.10
MB = $61.01
Most Recent Note - 2/18/2015 7:33:10 PM
G - Recent violation of its 50 DMA line triggered a technical sell signal. A rebound above the 50 DMA line would help its outlook improve, however that important short-term average may act as resistance. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Triggered Sell Signal - 2/18/2015
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
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$53.26 +0.41
0.78%

$53.32

319,266
90.70% of 50 DAV
50 DAV is 352,000
$56.50
-5.73%
2/5/2015 $51.39 PP = $52.99
MB = $55.64
Most Recent Note - 2/17/2015 2:15:59 PM
Y - Pulling back following a big gain above the pivot point on 2/12/15 backed by more than twice its average volume which confirmed a new (or add-on) technical buy signal. Color code was changed to yellow after retreating below its "max buy" level. Prior highs in the $52 area define initial support. Due to report Dec '14 earnings after the market closes on Wednesday, February 25th.
>>> FEATURED STOCK ARTICLE : New Pivot Point Cited While Rebounding Near Prior Highs - 2/5/2015
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
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
ILMN - NASDAQ
Illumina Inc
DRUGS - Biotechnology  
$198.62 -0.24
-0.12%

$199.80

479,266
37.62% of 50 DAV
50 DAV is 1,274,000
$213.33
-6.90%
12/30/2014 $186.26 PP = $196.00
MB = $205.80
Most Recent Note - 2/17/2015 1:59:51 PM
Y - Gains since its "negative reversal" on 1/28/15 have lacked volume. Its 50 DMA line defines important near-term support to watch where more damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Following "Negative Reversal Gains Have Lacked Volume - 2/10/2015
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
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$162.48 +0.82
0.51%

$162.78

226,454
71.66% of 50 DAV
50 DAV is 316,000
$162.96
-0.29%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
Most Recent Note - 2/17/2015 2:01:53 PM
Y - Holding its ground and wedging higher with volume totals lacking great conviction. Prior highs in the $154 area and its 50 DMA line define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Big Volume-Driven Gain For New Highs - 2/4/2015
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
LNKD - NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers  
$266.91 +1.16
0.44%

$267.80

1,850,878
116.04% of 50 DAV
50 DAV is 1,595,000
$274.19
-2.66%
2/6/2015 $269.83 PP = $243.35
MB = $255.52
Most Recent Note - 2/18/2015 12:21:06 PM
G - Still stubbornly holding its ground with volume totals cooling, extended from prior highs following the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here). Disciplined investors avoid chasing extended stocks and may watch for a new base or secondary buy point to possibly develop and be noted.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Cleared All Resistance Due to Overhead Supply - 2/6/2015
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
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$85.36 +1.64
1.96%

$85.48

2,119,527
68.44% of 50 DAV
50 DAV is 3,097,000
$86.50
-1.32%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
Most Recent Note - 2/17/2015 2:05:21 PM
G - Hovering near its new all-time high (N criteria) with volume totals cooling after rallying above its "max buy" level. Its 50 DMA line defines support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior base - 2/17/2015
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  
$136.88 -0.01
-0.01%

$137.25

728,382
66.76% of 50 DAV
50 DAV is 1,091,000
$138.32
-1.04%
7/30/2014 $84.21 PP = $85.88
MB = $90.17
Most Recent Note - 2/17/2015 2:07:14 PM
G - Hit another new high with today's 5th consecutive gain, and it is extended from any sound base. Its 50 DMA line defines near-term support where a violation may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Finished With a Loss and Near Session Low After Chance at Best-Ever Close - 1/28/2015
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
QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$45.40 -0.91
-1.97%

$46.07

694,579
246.30% of 50 DAV
50 DAV is 282,000
$49.42
-8.13%
2/6/2015 $42.24 PP = $40.84
MB = $42.88
Most Recent Note - 2/18/2015 12:35:19 PM
G - There was a "negative reversal" on the prior session after hitting another new 52-week high. Previously noted with caution - "Very extended from the prior base after a spurt of volume-driven gains, and prior highs in the $40-41 area define the nearest chart support level."
>>> FEATURED STOCK ARTICLE : Strong Dec '14 Earnings Report While Perched Near All-Time High - 2/9/2015
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
UIHC - NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl  
$25.46 -2.18
-7.89%

$27.64

573,065
192.30% of 50 DAV
50 DAV is 298,000
$28.43
-10.45%
12/5/2014 $20.64 PP = $20.31
MB = $21.33
Most Recent Note - 2/18/2015 7:37:18 PM
G - Finished lower today with above average volume and then reported earnings +22% on +20% sales revenues for the Dec '14 quarter, below the +25% minimum earnings guideline (C criteria). Its 50 DMA line defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended After Tallying More Volume-Driven Gains - 1/29/2015
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  
$168.42 -0.21
-0.12%

$169.13

974,180
49.45% of 50 DAV
50 DAV is 1,970,000
$170.20
-1.05%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 2/17/2015 2:12:11 PM
G - Poised for a best-ever close with today's gain backed by light volume, getting more extended from any sound base. Prior highs and its 50 DMA line define important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Prior Highs and Previously Noted Base - 2/12/2015
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

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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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.

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