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AFTER MARKET UPDATE - MONDAY, MARCH 2ND, 2015
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DOW |
+155.93 |
18,288.63 |
+0.86% |
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Volume |
740,303,990 |
-13% |
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Volume |
1,784,367,770 |
+1% |
NASDAQ |
+44.57 |
5,008.10 |
+0.90% |
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Advancers |
1,868 |
58% |
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Advancers |
1,872 |
64% |
S&P 500 |
+12.89 |
2,117.39 |
+0.61% |
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Decliners |
1,225 |
38% |
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Decliners |
980 |
33% |
Russell 2000 |
+9.25 |
1,242.62 |
+0.75% |
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52 Wk Highs |
181 |
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52 Wk Highs |
163 |
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S&P 600 |
+5.08 |
715.06 |
+0.72% |
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52 Wk Lows |
32 |
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52 Wk Lows |
29 |
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Tech Strength Helps Nasdaq Composite Index Rally Above 5,000
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks advanced on Monday. The Dow climbed 155 points to 18,288. The NASDAQ gained 44 points to cross the 5,000 level for the first time in 15 years and finish at 5,008. Volume totals for the session were mixed, lower than the prior session total on the NYSE and yet slightly higher on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the NYSE and by nearly a 2-1 margin on the Nasdaq exchange. There were 76 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 52 stocks. The total number of new 52-week highs expanded and easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 12 of the 14 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 500 Index advanced 12 points to 2,117 and finished at a best-ever close, up +2.8% year-to-date.
The major averages started March on a strong note as investors digested a deluge of data. PMI's measure of manufacturing sentiment for February was revised higher to 55.1 from 54.3. However, January's personal income figures rose +0.3%, less than expected, and its personal spending fell 0.2%, more than anticipated. Similarly, a measure of construction spending unexpectedly declined -1.1%, against estimates for a +0.3% gain.
At the close, eight of the 10 S&P 500 sectors were in positive territory. Consumer discretionary was up the most, as Walt Disney (DIS +1.74%). On the M&A front, Freescale Semiconductor (FSL +11.77%) after agreeing to be acquired by NXP Semiconductor (NXPI +17.27%). Meanwhile, Visa (V +2.57%) after forming a new alliance with Costco (COST +0.67%).
Treasuries were markedly lower. The 10-year note lost 26/32 to yield 2.09%. The 30-year bond lost almost 2 full points to yield 2.69%.
In commodities, WTI erased earlier gains to finish 0.3% higher to 49.88/barrel. Meanwhile, gold declined 0.6% to $1,206.20/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, and Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.31%) and the Bank Index ($BKX +1.01%) both posted gains and the Retail Index ($RLX +1.12%) was also a positive influence on the major averages. Merger activity boosted the Semiconductor Index ($SOX +2.78%), meanwhile the Networking Index ($NWX +0.67%) and the Biotechnology Index ($BTK +0.68%) both posted smaller gains. Commodity-linked groups created a drag on the market on Monday as the Gold & Silver Index ($XAU -2.18%) and Integrated Oil Index ($XOI -1.61%) tumbled and the Oil Services Index ($OSX -0.26%) edged lower.
Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +1.31%) has rebounded within close striking distance of its December 2014 highs.
Oil Services |
$OSX |
199.02 |
-0.52 |
-0.26% |
-5.62% |
Integrated Oil |
$XOI |
1,354.15 |
-22.16 |
-1.61% |
+0.45% |
Semiconductor |
$SOX |
734.51 |
+19.86 |
+2.78% |
+6.94% |
Networking |
$NWX |
379.54 |
+2.52 |
+0.67% |
+6.03% |
Broker/Dealer |
$XBD |
185.73 |
+2.40 |
+1.31% |
+0.59% |
Retail |
$RLX |
1,133.33 |
+12.53 |
+1.12% |
+9.74% |
Gold & Silver |
$XAU |
75.26 |
-1.68 |
-2.18% |
+9.42% |
Bank |
$BKX |
73.02 |
+0.73 |
+1.01% |
-1.67% |
Biotech |
$BTK |
3,909.09 |
+26.24 |
+0.68% |
+13.67% |
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Near Highs and Tallying Another Big Volume-Driven Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Qualys Inc (QLYS +$1.48 or +3.22% to $47.51) has been holding its ground stubbornly after getting extended from its prior base. Prior highs in the $40-41 area and its 50-day moving average (DMA) line define the nearest chart support level. It was last shown in this FSU section on 2/09/15 with annotated graphs under the headline, "Strong Dec '14 Earnings Report While Perched Near All-Time High", as it posted a gain backed by +120% above average volume.
QLYS was highlighted in yellow with pivot point cited based on its 12/26/14 high plus 10 cents in the 2/06/15 mid-day report (read here). Technically, it had triggered a technical buy signal on the prior session. It soon blasted new 52-week high (N criteria) with a gap up and volume-driven gain into new high territory after reporting earnings +200% on +26% for the quarter ended December 31, 2014 versus the year ago period, beating expectations. Volume and volatility often increase near earnings news. That marked its 4th consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria).
The number of top-rated funds owning its shares rose from 152 in Mar '14 to 210 in Dec '14g, a reassuring sign concerning the I criteria. Its Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 18.7 million shares (S criteria) in the public float can contribute to great volatility in the event of institutional buying or selling. The Computer Software - Security group has a 98 Group Relative Strength Rating, and leadership (L criteria) in the industry group is another favorable factor with respect to the fact-based investment system.
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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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$297.31
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+5.95
2.04% |
$297.50
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3,427,347 119.09% of 50 DAV
50 DAV is 2,878,000
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$296.77 0.18%
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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 - 2/25/2015 12:08:27 PM
G - Perched at its 52-week high it priced a new Public Offering. Reported Dec '14 earnings +23%, below the +25% minimum guideline (C criteria) of the fact-based investment system. 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. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched At High it Proposed a New Public Offering - 2/24/2015
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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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$53.88
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-0.02
-0.04% |
$54.25
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526,656 72.34% of 50 DAV
50 DAV is 728,000
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$59.31 -9.16%
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2/11/2015
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$56.02
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PP = $59.41
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MB = $62.38
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Most Recent Note - 3/2/2015 6:44:20 PM
G - Holding its ground above its 50 DMA line with volume totals cooling. 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
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C
A N
S L
I M
|
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$71.13
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+1.62
2.33% |
$71.15
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2,068,565 128.64% of 50 DAV
50 DAV is 1,608,000
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$71.83 -0.97%
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2/13/2015
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$68.46
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PP = $65.49
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MB = $68.76
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Most Recent Note - 3/2/2015 6:45:12 PM
G - Rallied today with above average volume. It is 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
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$61.65
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+4.26
7.42% |
$61.69
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2,979,060 164.77% of 50 DAV
50 DAV is 1,808,000
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$63.20 -2.45%
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3/2/2015
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$60.54
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PP = $63.30
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MB = $66.47
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Most Recent Note - 3/2/2015 10:57:42 AM
Y - Faces little resistance due to overhead supply up through the $63 level. A new pivot point is cited based on its 1/13/15 high plus 10 cents. Being buoyed by M&A news in the Semiconductor group today. Subsequent volume-driven gains above its pivot point may trigger a new technical buy signal.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Triggered Sell Signal - 2/18/2015
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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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$61.70
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+0.02
0.03% |
$62.32
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547,900 152.19% of 50 DAV
50 DAV is 360,000
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$63.50 -2.83%
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2/5/2015
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$51.39
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PP = $52.99
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MB = $55.64
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Most Recent Note - 2/27/2015 6:02:16 PM
G - Hit yet another new 52-week high with today's 4th consecutive gain on above average volume, getting more extended from the prior base. Prior highs in the $52 area define support to watch on pullbacks. See the latest FSU for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Extended From Base Following Volume Driven Gains - 2/26/2015
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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 |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$79.75
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+0.78
0.99% |
$79.86
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21,628,741 84.63% of 50 DAV
50 DAV is 25,556,300
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$82.17 -2.95%
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2/20/2015
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$81.79
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PP = $78.47
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MB = $82.39
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Most Recent Note - 2/27/2015 6:22:45 PM
G - Down today with above average volume, slumping toward the previously cited pivot point of a "double bottom" base. While consolidating near it 52 week high it has made limited progress, and its Relative Strength rating, at 76 now, is below the 80+ minimum guideline for new buy candidates.
>>> FEATURED STOCK ARTICLE : Bullish Action While Tech Leader is Perched Near All-Time High - 2/20/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$194.06
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-1.40
-0.72% |
$196.84
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965,419 78.84% of 50 DAV
50 DAV is 1,224,500
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$213.33 -9.03%
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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 - 3/2/2015 6:48:50 PM
G - Color code is changed to green while consolidating near its 50 DMA line where more damaging losses would raise greater concerns. Its Relative Strength rating has slumped to 71, below the 80+ minimum for buy candidates. Volume totals have been cooling however gains since its "negative reversal" on 1/28/15 have lacked great volume conviction.
>>> FEATURED STOCK ARTICLE : Following "Negative Reversal Gains Have Lacked Volume - 2/10/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$162.94
|
+1.69
1.05% |
$163.43
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221,467 70.31% of 50 DAV
50 DAV is 315,000
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$164.48 -0.94%
|
2/3/2015
|
$156.95
|
PP = $154.66
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MB = $162.39
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Most Recent Note - 2/25/2015 5:35:46 PM
G - Wedged higher with volume totals lacking great conviction and its color code was changed to green after rising above its "max buy" level. Prior highs in the $154 area and its 50 DMA line define support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Wedged Above Prior Highs Getting Extended - 2/25/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$269.42
|
+2.22
0.83% |
$269.87
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894,241 55.61% of 50 DAV
50 DAV is 1,608,000
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$276.18 -2.45%
|
2/6/2015
|
$269.83
|
PP = $243.35
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MB = $255.52
|
Most Recent Note - 2/27/2015 6:00:32 PM
G - Holding its ground following the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Breakaway Gap - 2/27/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$99.56
|
+14.67
17.27% |
$99.90
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23,861,713 806.14% of 50 DAV
50 DAV is 2,960,000
|
$86.50 15.10%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
MB = $82.36
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Most Recent Note - 3/2/2015 12:43:41 PM
G - Gapped up today for a considerable gain and new all-time high on news it will acquire Freescale Semiconductor Inc. (FSL) in an $11.8 Billion deal. It is very extended from any sound base.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior base - 2/17/2015
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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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$145.98
|
+3.76
2.64% |
$146.40
|
3,137,627 282.41% of 50 DAV
50 DAV is 1,111,000
|
$146.28 -0.21%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
MB = $90.17
|
Most Recent Note - 3/2/2015 12:48:28 PM
G - Since breaking out on 9/02/14 it has spent very little time basing and it is very extended from any sound base. Its 50 DMA line (now $128.52) defines near-term support to watch on pullbacks where a violation may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Reversed Into Red After Touching a New High - 2/23/2015
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C
A N
S L
I M
|
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$47.51
|
+1.48
3.22% |
$47.74
|
580,888 179.29% of 50 DAV
50 DAV is 324,000
|
$49.42 -3.86%
|
2/6/2015
|
$42.24
|
PP = $40.84
|
MB = $42.88
|
Most Recent Note - 3/2/2015 6:51:16 PM
G -Gain today was backed by above average volume, getting more extended from the prior base. Prior highs in the $40-41 area and its 50 DMA line define the nearest chart support level.
>>> FEATURED STOCK ARTICLE : Near Highs and Tallying Another Big Volume-Driven Gain - 3/2/2015
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$25.41
|
+1.00
4.10% |
$25.50
|
315,414 94.72% of 50 DAV
50 DAV is 333,000
|
$28.43 -10.62%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
MB = $21.33
|
Most Recent Note - 3/2/2015 6:52:05 PM
G - Rebounded further above its 50 DMA line with today's gain on average volume. Fundamental concerns were raised as it recently reported earnings +22% on +20% sales revenues for the Dec '14 quarter, below the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Abrupt Pullback as Fundamental Concerns Were Raised - 2/19/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$203.35
|
+5.87
2.97% |
$203.53
|
6,049,966 213.63% of 50 DAV
50 DAV is 2,832,000
|
$204.66 -0.64%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
MB = $157.40
|
Most Recent Note - 3/2/2015 1:02:32 PM
G - Still stubbornly holding its ground since gapping up on 2/23/15 for a considerable volume-driven gain and new all-time highs on news it will acquire Salix Pharmaceuticals (SLXP). It is very extended from any sound base. Its 50 DMA line defines the closest support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Prior Highs and Previously Noted Base - 2/12/2015
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A N
S L
I M
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Subscriber Question: |
March 1, 2015 |
Dear Ken,
Does GRUB look like a possible winner long term? They're calling yesterday's action a breakout from a cup and handle. Does that look like a handle to you?
Thank you,
Kevin Michael |
Ken's Response: |
March 2, 2015 |
Dear Kevin:
GRUB has been noted a few times in recent the mid-day reports. I did not elaborate on all concerns that a fact-based analyst might have with it. While pointing out a breakout with volume from a cup-with-handle on 2/25/15 the stock faces some additional resistance due to a small amount of overhead supply. Subsequent volume-driven gains into new high territory might, technically, signal the beginning of a substantial advance in price.
Last August, when the company proposed a new Public Offering at the old highs, it took a hit and then went through a deep consolidation before rebounding. Maybe the company will do another offering, maybe not. Such offerings usually attract more institutional investors (I criteria), but there is more to worry about due to fundamental concerns.
It has a limited annual earnings history since its IPO, and prior to going public the annual earnings (A criteria) history was not strong and steady. Sequentially, it also has shown recent deceleration in its sales revenues growth rate, from +123% in Jun '14, to +75% in Sep '14, to +50% in Dec '14 versus the respective year ago periods. While the latest +50% increase is still well above the +25% guideline, studies have shown that it is better if the sales revenues growth rate is showing acceleration rather than deceleration.
Here are the prior Mid-Day report notes: 2/25/2015 12:28:08 PM - Completed a new Public Offering on 9/03/14 and went through a long consolidation before showing more bullish action in recent weeks. Rallying further above its 50 DMA and 200 DMA lines and within striking distance of its 52-week high with today's volume-driven gain. Reported strong quarterly earnings increases through the Dec '14 quarter meeting the C criteria.
2/20/2015 12:46:56 PM - Consolidating above its 50 DMA and 200 DMA lines within striking distance of its 52-week high. Reported strong quarterly earnings increases through the Dec '14 quarter meeting the C criteria. Sputtered since it completed a new Public Offering on 9/03/14.
2/9/2015 12:26:04 PM - Pulling back today after rallying from below its 50 DMA line toward its 52-week high with a streak of volume-driven gains. Sputtered since it completed a new Public Offering on 9/03/14.
8/13/2014 12:21:03 PM - Hitting a new 52-week high with today's 4th consecutive gain on ever-increasing volume, clear of any resistance due to overhead supply. Limited history since its 4/04/14 IPO at $26 is a cause for concern. We wish you the utmost success with the fact-based investment system we support.
Best regards,
Kenneth J. Gruneisen Founder & Contributing Writer for CANSLIM.net www.canslim.net |
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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.
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be suitable for all investors and it is not to be deemed
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