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AFTER MARKET UPDATE - TUESDAY, MARCH 10TH, 2015
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Indices NYSE Nasdaq
DOW  -332.78 17,662.94 -1.85% Volume 833,877,990 +15% Volume 1,732,994,300 +10%
NASDAQ -82.65 4,859.79 -1.67% Advancers 840 26% Advancers 668 22%
S&P 500 -35.27 2,044.16 -1.70% Decliners 2,276 71% Decliners 2,240 75%
Russell 2000 -15.05 1,208.54 -1.23% 52 Wk Highs 28   52 Wk Highs 45  
S&P 600 -8.75 693.07 -1.25% 52 Wk Lows 126   52 Wk Lows 91  

Volume Higher, Breadth Negative, and Leadership Waned as Indices Fell

Stocks tumbled on Tuesday. The S&P 500 declined 35 points to 2,044. The NASDAQ fell 82 points to 4,859.  Behind the losses, the volume totals for the session were higher than the prior session totals on the NYSE and on the Nasdaq exchange, revealing more serious selling conviction from the institutional crowd. Breadth turned clearly negative as decliners led advancers by nearly a 3-1 margin on the NYSE and by more than 3-1 on the Nasdaq exchange. Leadership contracted as there only were 11 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 31 stocks. The new 52-week lows totals swelled and solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were losses for 10 of the 12 high-ranked companies currently on the Featured Stocks Page.

Concerning the M criteria, the major averages' uptrend has come under more pressure this week as leadership (stocks hitting new highs) has waned.  Readers were reminded 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 Dow Jones Industrial Average violated its 50-day moving average (DMA) line with a big loss of 332 points to 17,662.

The major averages careened lower as investors focused on a strong dollar and rate hike timing. Dallas Fed President Fisher urged the Fed to increase rates ahead of reaching full employment. After the close, the Fed was set to release the capital review reports on large lenders.

Economic data was light with small business optimism rising in February but by less than projected. In January, a measure of business inventories rose 0.3% versus estimates for a 0.1% decline.

At the close, all 10 S&P 500 sectors were lower. Tech and financials paced the retreat. Apple (AAPL -2.07%) erased its prior gains. In financials, JP Morgan (JPM -2.5%) and Bank of America (BAC -2.35%) both sank. Energy and materials slid in sympathy with commodity prices. Freeport McMoRan (FCX -4%) and Exxon Mobil (XOM -1.06%) both fell.

Treasuries rallied as a perceived haven asset. The 10-year note advanced 19/32 to yield 2.12%.

Commodities were mostly lower. WTI crude fell -2.7% to $48.63/brl. on the heels of an unfavorable Department of Energy outlook. COMEX gold lost 0.5% to $1,160.60/oz. In FOREX, the dollar advanced 0.8% with the euro off 1.4% to $1.0696/EUR and the yen up 0.1% to ¥121.07/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.


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, Retail, Tech and Commodity-Linked Groups Fell

The Biotechnology Index ($BTK +0.10%) eked out a tiny gain while most groups ended lower on Tuesday.  Weakness in financial shares created a drag on the major averages as the Bank Index ($BKX -2.45%) and the Broker/Dealer Index ($XBD -1.67%) both lost ground. The Retail Index ($RLX -1.50%) also was a negative influence. The Semiconductor Index ($SOX -1.92%) and the Networking Index ($NWX -1.22%) led the tech sector lower. Commodity-linked groups also fell as the Gold & Silver Index ($XAU -2.22%), Integrated Oil Index ($XOI -2.14%), and the Oil Services Index ($OSX -2.04%) suffered unanimous losses of more than -2% each. 

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -2.04%) recently slumped back below its 50-day moving average (DMA) line toward prior lows as energy-related shares continued to sputter.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  188.69 -3.93 -2.04% -10.52%
Integrated Oil $XOI  1,282.04 -27.99 -2.14% -4.90%
Semiconductor $SOX  701.30 -13.73 -1.92% +2.10%
Networking $NWX  369.72 -4.58 -1.22% +3.29%
Broker/Dealer $XBD  182.98 -3.11 -1.67% -0.90%
Retail $RLX  1,097.90 -16.73 -1.50% +6.31%
Gold & Silver $XAU  63.78 -1.45 -2.22% -7.27%
Bank $BKX  71.52 -1.80 -2.45% -3.69%
Biotech $BTK  3,994.54 +3.85 +0.10% +16.15%


Rallied Above Max Buy Level Following Strong Earnings News

Ambarella Corporation (AMBA -0.97 or -1.84% to $66.61) finished just above its "max buy" level with near average volume behind today's gain. Disciplined investors avoid chasing stocks more than +5% above their prior highs. On 3/02/15 a new pivot point had been cited based on its 1/13/15 high plus 10 cents. Then, on 3/04/15 it gapped up for a considerable volume-driven gain triggering a technical buy signal after it 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 (see annotated graph below). 

The high-ranked Electronics - Semiconductor firm was last shown in this FSU section on 2/18/15 with an annotated graph under the headline, "Violation of 50-Day Moving Average Triggered Sell Signal".  A subsequent rebound above the 50 DMA line helped its outlook improve. Members were reminded - "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.""

AMBA's fundamentals match with the fact-based investment system guidelines with quarterly comparisons showing improvement above the +25% minimum earnings guideline (C criteria). The number of top-rated funds owning its shares rise from 51 in Dec '12 to 220 in Dec '14, a reassuring indication concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is also an unbiased indication its shares have been under accumulation over the past 50 days. 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  
$287.60 -6.00
-2.04%

$291.89

2,856,352
99.46% of 50 DAV
50 DAV is 2,872,000
$298.23
-3.56%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
Most Recent Note - 3/10/2015 5:37:20 PM
G - Pulled back toward its "max buy" level. Completed 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 | 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  
$69.20 -0.40
-0.57%

$69.71

1,830,927
111.98% of 50 DAV
50 DAV is 1,635,000
$71.83
-3.66%
2/13/2015 $68.46 PP = $65.49
MB = $68.76
Most Recent Note - 3/10/2015 5:38:27 PM
G - Pulled back toward its "max buy" level with today's 3rd consecutive loss. Prior highs in the $65 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Holding Ground Extended From Prior Base - 3/4/2015
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
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$66.66 +0.35
0.53%

$67.00

1,980,808
96.86% of 50 DAV
50 DAV is 2,045,000
$68.50
-2.69%
3/2/2015 $60.54 PP = $63.30
MB = $66.47
Most Recent Note - 3/10/2015 5:36:00 PM
G - Closed just above its "max buy" level today and its color code is changed to green. 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. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Rallied Above Max Buy Level Following Strong Earnings News - 3/10/2015
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
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$59.55 -1.37
-2.25%

$60.56

368,336
107.07% of 50 DAV
50 DAV is 344,000
$63.50
-6.22%
2/5/2015 $51.39 PP = $52.99
MB = $55.64
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
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
FB - NASDAQ
Facebook Inc Cl A
INTERNET  
$77.55 -1.89
-2.38%

$79.26

22,958,462
93.49% of 50 DAV
50 DAV is 24,557,900
$82.17
-5.62%
2/20/2015 $81.79 PP = $78.47
MB = $82.39
Most Recent Note - 3/10/2015 5:40:39 PM
G - Finished at the session low with today's 3rd consecutive loss testing support at its 50 DMA line. While consolidating near it 52 week high it has made limited progress, and its Relative Strength rating, at 73 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
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  
$193.12 +0.05
0.03%

$195.11

1,077,838
89.62% of 50 DAV
50 DAV is 1,202,700
$213.33
-9.47%
12/30/2014 $186.26 PP = $196.00
MB = $205.80
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
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  
$154.79 -3.68
-2.32%

$158.08

274,801
92.84% of 50 DAV
50 DAV is 296,000
$164.48
-5.89%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
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
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  
$265.00 -2.21
-0.83%

$266.71

1,178,170
77.16% of 50 DAV
50 DAV is 1,527,000
$276.18
-4.05%
2/6/2015 $269.83 PP = $243.35
MB = $255.52
Most Recent Note - 3/10/2015 5:42:07 PM
G - Still holding its ground with volume totals cooling. Made no 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
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  
$97.55 -1.17
-1.19%

$98.50

3,089,674
86.06% of 50 DAV
50 DAV is 3,590,000
$100.86
-3.28%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
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
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  
$138.55 -0.18
-0.13%

$138.66

1,572,177
124.18% of 50 DAV
50 DAV is 1,266,000
$149.35
-7.23%
7/30/2014 $84.21 PP = $85.88
MB = $90.17
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
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  
$43.85 -1.55
-3.41%

$45.03

331,390
93.88% of 50 DAV
50 DAV is 353,000
$50.00
-12.30%
2/6/2015 $42.24 PP = $40.84
MB = $42.88
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
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  
$201.48 -3.21
-1.57%

$205.70

2,665,446
87.31% of 50 DAV
50 DAV is 3,053,000
$205.51
-1.96%
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
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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