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AFTER MARKET UPDATE - THURSDAY, MARCH 12TH, 2015
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DOW |
+259.83 |
17,895.22 |
+1.47% |
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Volume |
732,858,560 |
-4% |
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Volume |
1,724,602,250 |
+2% |
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NASDAQ |
+43.35 |
4,893.29 |
+0.89% |
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Advancers |
2,262 |
71% |
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Advancers |
2,045 |
70% |
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S&P 500 |
+25.71 |
2,065.95 |
+1.26% |
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Decliners |
821 |
26% |
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Decliners |
794 |
27% |
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Russell 2000 |
+20.86 |
1,236.64 |
+1.72% |
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52 Wk Highs |
112 |
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52 Wk Highs |
122 |
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S&P 600 |
+12.75 |
710.20 |
+1.83% |
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52 Wk Lows |
51 |
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52 Wk Lows |
55 |
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Leadership Improved as Major Averages Rallied
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Thursday. The Dow climbed 259 points to 17894. The S&P 500 advanced 25 points to 2,065. The NASDAQ gained 43 points to 4,893. The volume totals for the session were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by an 11-4 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 55 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 20 stocks. The new 52-week highs totals improved and solidly outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 9 of the 12 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the major averages' uptrend has recently come under pressure. 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 Nasdaq Composite Index is consolidating above its 50-day moving average (DMA) line and prior highs defining near-term support.
The major averages pushed higher as mixed data spurred speculation of rate increase delays. A measure of retail sales for February unexpectedly declined; however, jobless claims last week fell 36,000 to 289,000. Meanwhile, a gauge of business inventories remained flat in January versus estimates of a +0.1% increase.
At the close, nine of the 10 S&P 500 sectors were in positive territory. Financials led the advance following the mostly successful Fed stress tests. Citigroup (C +3.3%) and JP Morgan Chase & Co (JPM +1.9%) both rose. Despite lowered retail sales, consumer discretionary was another notable outperformer. Disney (DIS +4.2%) contributed with a big advance. Energy was the lone sector lower with Chevron's (CVX -1.1%) decline weighing on the group.
Treasuries finished mixed. The 10-year was virtually unchanged, yielding 2.11%; however amid a $13 billion auction, the 30-year bond lost 4/32 to yield 2.69%.
Commodities were mostly lower. WTI crude reversed course to lose 2.3% to $47.05/brl. and a large inventory build sent natural gas down 3% to $2.74/MMBtu. COMEX gold advanced 0.2% to $1,152.30/oz. In FOREX, the dollar trimmed losses but still finished 0.4% lower. The euro strengthened 0.7% to $1.0621/EUR and the yen gained 0.1% to ¥121.34/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Networking and Biotech Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +2.07%) posted a big gain and financials were a positive influence on the major averages as the Broker/Dealer Index ($XBD +2.14%) and Bank Index ($BKX +2.54%) both tallied big gains. The Biotechnology Index ($BTK +0.91%) and Networking Index ($NWX +0.45%) both posted modest gains while the Semiconductor Index ($SOX -0.06%) edged lower. There was a slightly negative bias for commodity-linked groups as the Oil Services Index ($OSX -1.41%), Integrated Oil Index ($XOI -0.44%), and Gold & Silver Index ($XAU -0.61%) each fell.
Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX +2.54%) is rallying from its 50-day and 200-day moving average (DMA) lines toward prior highs.
| Oil Services |
$OSX |
186.95 |
-2.68 |
-1.41% |
-11.34% |
| Integrated Oil |
$XOI |
1,278.34 |
-5.63 |
-0.44% |
-5.18% |
| Semiconductor |
$SOX |
702.77 |
-0.39 |
-0.06% |
+2.31% |
| Networking |
$NWX |
375.25 |
+1.66 |
+0.45% |
+4.84% |
| Broker/Dealer |
$XBD |
189.09 |
+3.97 |
+2.14% |
+2.41% |
| Retail |
$RLX |
1,118.58 |
+22.66 |
+2.07% |
+8.31% |
| Gold & Silver |
$XAU |
65.57 |
-0.40 |
-0.61% |
-4.67% |
| Bank |
$BKX |
74.00 |
+1.83 |
+2.54% |
-0.35% |
| Biotech |
$BTK |
4,056.81 |
+36.39 |
+0.91% |
+17.96% |
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Fundamentals Improved But No New Base Has Formed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW +$0.61 or +0.43% to $141.17) saw recent losses with above average volume while consolidating above its 50-day moving average (DMA) line. That important short-term average (now $131.38) defines near-term support to watch on pullbacks where a violation may trigger a technical sell signal. Recent losses on above average volume were indicative of distributional pressure and it is very extended from any sound base. Disciplined investors avoid chasing extended stocks more the +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.
PANW reported earnings +90% on +54% sales revenues for the Jan '15 quarter, its 3rd consecutive comparison with strong sales revenues increases and earnings above the +25% minimum guideline satisfying the C criteria. It now has an Earnings Per Share (EPS) Rating of 99. It has a strong annual earnings (A criteria) history.
The Computer Software - Security firm was last shown in this FSU section with annotated graphs on 2/23/15 under the headline, "Reversed Into Red After Touching a New High". 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.
The number of top-rated funds owning its shares rose from 246 in Jun '13 to 617 in Dec '14, a reassuring sign concerning the I criteria. Its small supply (S criteria) of 68.3 million shares in the public float is another favorable characteristic.
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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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$298.63
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+5.77
1.97% |
$299.88
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4,087,667
138.47% of 50 DAV
50 DAV is 2,952,000
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$298.23
0.13%
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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 - 3/10/2015 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 |
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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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$71.02
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+0.66
0.94% |
$71.11
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1,444,194
85.81% of 50 DAV
50 DAV is 1,683,000
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$71.83
-1.13%
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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 - 3/10/2015 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 |
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$67.52
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-0.10
-0.15% |
$69.25
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1,820,405
88.63% of 50 DAV
50 DAV is 2,054,000
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$68.50
-1.43%
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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 - 3/10/2015 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 |
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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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$61.66
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+1.33
2.20% |
$61.79
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360,587
102.44% of 50 DAV
50 DAV is 352,000
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$63.50
-2.90%
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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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$78.93
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+1.36
1.75% |
$79.05
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16,072,927
64.15% of 50 DAV
50 DAV is 25,056,900
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$82.17
-3.94%
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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 - 3/11/2015 6:21:02 PM
G - 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 71 now, is below the 80+ minimum guideline for new buy candidates. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Fell While Encountering Resistance - 3/11/2015
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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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$188.11
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-2.13
-1.12% |
$190.11
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1,043,731
85.38% of 50 DAV
50 DAV is 1,222,500
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$213.33
-11.82%
|
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 - 3/12/2015 6:58:45 PM
G - There was a "negative reversal" on 1/28/15 after touching a new 52-week high. Down today on higher but still below average volume, slumping further below its 50 DMA line raising greater concerns. It remains within -11.8% of its high, however its Relative Strength rating has slumped to 70, below the 80+ minimum for buy candidates.
>>> 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
|
$161.15
|
+4.03
2.56% |
$161.19
|
221,288
73.03% of 50 DAV
50 DAV is 303,000
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$164.48
-2.02%
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2/3/2015
|
$156.95
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PP = $154.66
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MB = $162.39
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Most Recent Note - 3/12/2015 7:02:41 PM
Y - Gapped up today and finished near the session high with a gain backed by below average volume. Prior highs in the $154 area and its 50 DMA line acted as support. Subsequent losses below the recent low ($153.42 on 3/11/15) would raise greater concerns and trigger a technical sell signal.
>>> 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
|
$266.42
|
+1.47
0.55% |
$268.20
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944,113
60.95% of 50 DAV
50 DAV is 1,549,000
|
$276.18
-3.53%
|
2/6/2015
|
$269.83
|
PP = $243.35
|
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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
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$98.58
|
+0.63
0.64% |
$98.69
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2,358,180
64.33% of 50 DAV
50 DAV is 3,666,000
|
$100.86
-2.26%
|
1/5/2015
|
$76.43
|
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
|
$141.34
|
+0.78
0.55% |
$141.95
|
1,049,340
80.47% of 50 DAV
50 DAV is 1,304,000
|
$149.35
-5.36%
|
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 : Fundamentals Improved But No New Base Has Formed - 3/12/2015
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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
|
$43.99
|
+0.14
0.32% |
$44.15
|
282,243
77.54% of 50 DAV
50 DAV is 364,000
|
$50.00
-12.02%
|
2/6/2015
|
$42.24
|
PP = $40.84
|
|
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
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$192.62
|
-1.09
-0.56% |
$196.21
|
3,872,461
116.46% of 50 DAV
50 DAV is 3,325,000
|
$206.84
-6.87%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
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Most Recent Note - 3/11/2015 6:26:49 PM
G - Down today on heavy volume after news Endo International (ENDP) made an unsolicited offer to buy Salix Pharmaceuticals (SLXP). VRX's latest earnings for Dec '14 quarter raised concerns. 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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|
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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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or 954-785-1121.
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