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AFTER MARKET UPDATE - MONDAY, MARCH 9TH, 2015
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DOW |
+138.94 |
17,995.72 |
+0.78% |
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Volume |
726,784,200 |
-18% |
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Volume |
1,574,999,590 |
-11% |
NASDAQ |
+15.07 |
4,942.44 |
+0.31% |
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Advancers |
1,627 |
51% |
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Advancers |
1,550 |
54% |
S&P 500 |
+8.17 |
2,079.43 |
+0.39% |
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Decliners |
1,450 |
45% |
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Decliners |
1,237 |
43% |
Russell 2000 |
+6.07 |
1,223.59 |
+0.50% |
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52 Wk Highs |
52 |
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52 Wk Highs |
62 |
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S&P 600 |
+4.64 |
701.82 |
+0.67% |
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52 Wk Lows |
80 |
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52 Wk Lows |
58 |
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Volume Lighter Behind Major Averages' Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow climbed 138 points to 17,995. The S&P 500 gained 8 points to 2,079. Behind the gains the volume totals for the session were lighter than the prior session total on the NYSE and on the Nasdaq exchange, revealing a lack of serious buying conviction from the institutional crowd. Breadth was slightly positive as advancers led decliners by an 8-7 margin on the NYSE and a 5-4 on the Nasdaq exchange. There were 31 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 25 stocks. However, the total number of new 52-week highs contracted and new lows outnumbered new 52-week highs on the NYSE, yet new highs still narrowly led new lows on the Nasdaq exchange. There were gains for 7 of the 13 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the uptrend has recently come under new pressure. Keep in mind that any sustained rally for the major averages requires 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 Nasdaq Composite Index has recently encountered distributional pressure after reaching the psychologically significant 5,000 level.
The major averages celebrated the sixth anniversary of the current bull market by moving higher on Monday. With light economics, investor attention was on Friday’s strong labor market report, as well as the start of the ECB's bond buying program.
At the close, eight of the 10 S&P 500 sectors were in positive territory. Industrials were the best performing group. United Technologies (UTX +1.94%) rose. In consumer stocks, The new General Motors Company (GM +3.07%) rose after announcing a share buyback program, while Apple (AAPL +0.4%) edged higher on the heels of the new Apple Watch unveiling. Meanwhile, in energy stocks Chevron (CVX +0.39%). In M&A activity, Alcoa (AA -5.39%) fell after announcing the planned acquisition of RTI Metals (RTI +39.30%).
Treasuries retraced some of Friday's losses. The 10-year note gained a half a point to yield 2.19%.
Commodities finished mixed. WTI crude ended off of session highs, but was up +0.7% to $49.94/brl. COMEX gold climbed +0.1% to $1,165.40/oz. In FOREX, the dollar and euro were both little changed, but the yen declined -0.3% to ¥121.15/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Networking and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Positive action from the Retail Index ($RLX +0.41%) and financial shares helped the major averages advance as the Broker/Dealer Index ($XBD +0.68%) outpaced the Bank Index ($BKX +0.38%). The Networking Index ($NWX +0.74%) led the tech sector while the Semiconductor Index ($SOX +0.37%) posted a smaller gain but the Biotechnology Index ($BTK -0.22%) edged lower. The Gold & Silver Index ($XAU -3.51%) was a standout decliner. Energy-related shares were weak as the Oil Services Index ($OSX -1.30%) outpaced the Integrated Oil Index ($XOI -0.33%) to the downside.
Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI -0.33%) is slumping below its 50-day moving average (DMA) line.
Oil Services |
$OSX |
192.62 |
-2.53 |
-1.30% |
-8.65% |
Integrated Oil |
$XOI |
1,310.04 |
-4.33 |
-0.33% |
-2.83% |
Semiconductor |
$SOX |
715.03 |
+2.61 |
+0.37% |
+4.10% |
Networking |
$NWX |
374.30 |
+2.76 |
+0.74% |
+4.57% |
Broker/Dealer |
$XBD |
186.09 |
+1.25 |
+0.68% |
+0.79% |
Retail |
$RLX |
1,114.63 |
+4.51 |
+0.41% |
+7.93% |
Gold & Silver |
$XAU |
65.23 |
-2.37 |
-3.51% |
-5.16% |
Bank |
$BKX |
73.32 |
+0.28 |
+0.38% |
-1.27% |
Biotech |
$BTK |
3,991.84 |
-8.69 |
-0.22% |
+16.07% |
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Very Extended Following Gap Up Gain on M&A News
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Nxp Semiconductors N V (NXPI +$0.24 or +0.24% to $98.72) is very extended from any sound base. It gapped up for a considerable gain and new all-time high on 3/02/15 news it will acquire Freescale Semiconductor Inc (FSL) in an $11.8 Billion deal. Disciplined investors avoid chasing extended stocks. NXPI was last shown in this FSU section on 2/17/15 with annotated graphs under the headline, "Perched at All-Time High, Extended From Prior Base".
It was highlighted in yellow with a pivot point based on its 11/28/14 high plus 10 cents in the 1/05/15 mid-day report (read here). Subsequent gains above the pivot point on 1/09/15 were backed by +66% above average volume. That offered investors fresh proof of institutional buying demand driving the stock to new highs (N criteria) that triggered a new technical buy signal.
Fundamentals remain strong through the Dec '14 quarter with earnings above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history is a good match the investment system guidelines.
Its slightly bullish 1.4 Up/Down Volume Ratio is above 1.0, an unbiased indication of institutional accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 683 in Mar '14 to 946 in Dec '14, a reassuring sign concerning the I criteria. The Elec - Semicondctor Fablss group has a high 92 Group Relative Strength Rating and leadership from others in the industry group is a reassuring sign concerning the L criteria. It completed a Secondary Offering on 5/14/14 and earlier Secondary Offerings on 2/04/13, 3/08/13, 9/13/13, and 12/10/13.
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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
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NYSE
Actavis plc
Medical-Generic Drugs
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$293.60
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+3.68
1.27% |
$294.14
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3,252,245 113.75% of 50 DAV
50 DAV is 2,859,000
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$298.23 -1.55%
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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 - 3/3/2015 6:55:42 PM
G - Perched at its 52-week high after completing a new Public Offering on 2/25/15. 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.
>>> FEATURED STOCK ARTICLE : Perched At High it Proposed a New Public Offering - 2/24/2015
View all notes |
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C
A N
S L
I M
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AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$69.60
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-0.36
-0.51% |
$70.16
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1,581,308 97.61% of 50 DAV
50 DAV is 1,620,000
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$71.83 -3.10%
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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 - 3/4/2015 6:36:24 PM
G - Holding its ground extended from its prior base. Prior highs in the $65 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Holding Ground Extended From Prior Base - 3/4/2015
View all notes |
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$66.31
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+2.09
3.25% |
$66.95
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2,032,236 99.67% of 50 DAV
50 DAV is 2,039,000
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$68.50 -3.20%
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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 - 3/9/2015 4:29:09 PM
Y - Rose near its "max buy" level with lighter volume behind today's gain. Disciplined investors avoid chasing stocks more than +5% above their prior highs. Reported earnings +162% on +62% sales revenues for the Jan '15 quarter, continuing to show impressive sales revenues and earnings acceleration in sequential quarterly comparisons.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Triggered Sell Signal - 2/18/2015
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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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$60.92
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+1.47
2.47% |
$61.20
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291,907 84.86% of 50 DAV
50 DAV is 344,000
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$63.50 -4.06%
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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 - 3/9/2015 4:27:21 PM
G - Perched near its 52-week high, extended from the prior base. Prior highs in the $52 area define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Base Following Volume Driven Gains - 2/26/2015
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C
A N
S L
I M
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$79.44
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-0.57
-0.71% |
$79.91
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18,913,930 76.96% of 50 DAV
50 DAV is 24,576,000
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$82.17 -3.32%
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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 - 3/3/2015 7:00:47 PM
G - Small loss today with lighter than average volume, holding its ground above 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 78 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
|
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
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$193.07
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-0.07
-0.04% |
$194.98
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735,968 60.86% of 50 DAV
50 DAV is 1,209,300
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$213.33 -9.50%
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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 - 3/6/2015 5:40:19 PM
G - Slumped to a close just below its 50 DMA line today. More damaging losses would raise greater concerns. Its Relative Strength rating has slumped to 76, below the 80+ minimum for buy candidates. There was a "negative reversal" on 1/28/15 after touching a new 52-week high. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line But Relative Strength Has Slumped - 3/5/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$158.47
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+3.40
2.19% |
$158.74
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284,263 96.36% of 50 DAV
50 DAV is 295,000
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$164.48 -3.65%
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2/3/2015
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$156.95
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PP = $154.66
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MB = $162.39
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Most Recent Note - 3/9/2015 4:31:34 PM
Y - Rose today with near average volume after testing support on the prior session. Prior highs in the $154 area and its 50 DMA line define important support where more damaging losses would raise greater concerns.
>>> 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
|
$267.21
|
+2.58
0.97% |
$267.83
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826,952 53.84% of 50 DAV
50 DAV is 1,536,000
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$276.18 -3.25%
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2/6/2015
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$269.83
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PP = $243.35
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MB = $255.52
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Most Recent Note - 3/3/2015 6:59:00 PM
G - Holding its ground but making little progress since the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here). It remains extended from prior highs.
>>> 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
|
$98.72
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+0.24
0.24% |
$99.19
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3,558,490 100.27% of 50 DAV
50 DAV is 3,549,000
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$100.86 -2.12%
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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 - 3/9/2015 5:59:54 PM
G - Very extended from any sound base. Gapped up for a considerable gain and new all-time high on 3/02/15 news it will acquire Freescale Semiconductor Inc (FSL) in an $11.8 Billion deal. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Very Extended Following Gap Up Gain on M&A News - 3/9/2015
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$138.73
|
-2.00
-1.42% |
$140.95
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2,654,984 215.85% of 50 DAV
50 DAV is 1,230,000
|
$149.35 -7.11%
|
7/30/2014
|
$84.21
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PP = $85.88
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MB = $90.17
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Most Recent Note - 3/9/2015 12:44:53 PM
G - Pulling back from its 52-week high with above average volume behind today's 4th consecutive loss. Its 50 DMA line (now $130.44) defines near-term support to watch on pullbacks where a violation may trigger a technical sell signal. Reported earnings +90% on +54% sales revenues for the Jan '15 quarter. After breaking out 9/02/14 it has spent very little time basing, and it is very extended from any sound base, yet could produce more climactic gains.
>>> 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
|
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
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$45.40
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-2.05
-4.32% |
$47.75
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741,011 217.31% of 50 DAV
50 DAV is 341,000
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$50.00 -9.20%
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2/6/2015
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$42.24
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PP = $40.84
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MB = $42.88
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Most Recent Note - 3/9/2015 4:19:59 PM
G - Retreated further from its 52-week high with today's 2nd consecutive loss backed by even higher above average volume. Previously noted - "It is 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
|
$22.76
|
-0.65
-2.78% |
$23.42
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226,537 67.62% of 50 DAV
50 DAV is 335,000
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$28.43 -19.94%
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12/5/2014
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$20.64
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PP = $20.31
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MB = $21.33
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Most Recent Note - 3/9/2015 4:22:36 PM
Slumped further below its 50 DMA line today, failing to rebound while the broader market rallied. Prior low ($21.66 on 2/20/15) defines important near-term support to watch. It will be dropped from the Featured Stocks list tonight. 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
|
$204.69
|
+5.98
3.01% |
$205.51
|
4,328,337 143.51% of 50 DAV
50 DAV is 3,016,000
|
$205.04 -0.17%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
MB = $157.40
|
Most Recent Note - 3/9/2015 4:25:44 PM
G - Rallied with above average volume today for a best-ever close. Stubbornly held its ground since gapping up on 2/23/15 on M&A news. Latest earnings for Dec '14 quarter raised concerns, however, and it is very extended from any sound base. Its 50 DMA line defines the closest support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Sound Base; Earnings Below +25% Raised Concerns - 3/3/2015
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C
A N
S L
I M
|
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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.
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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