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AFTER MARKET UPDATE - WEDNESDAY, MARCH 25TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-292.60 |
17,718.54 |
-1.62% |
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Volume |
771,744,610 |
+5% |
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Volume |
2,053,437,580 |
+37% |
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NASDAQ |
-118.21 |
4,876.52 |
-2.37% |
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Advancers |
808 |
25% |
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Advancers |
509 |
17% |
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S&P 500 |
-30.45 |
2,061.05 |
-1.46% |
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Decliners |
2,259 |
71% |
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Decliners |
2,427 |
81% |
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Russell 2000 |
-29.61 |
1,233.85 |
-2.34% |
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52 Wk Highs |
86 |
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52 Wk Highs |
70 |
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S&P 600 |
-15.40 |
712.61 |
-2.12% |
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52 Wk Lows |
14 |
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52 Wk Lows |
42 |
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Major Averages Encountered Heavier Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished firmly lower on Wednesday. The Dow lost 293 points to 17,718. The NASDAQ Composite dropped 118 points to close at 4,876. The volume totals were reported higher on the NYSE and on the Nasdaq exchange versus the prior session totals, a sign of increasing distributional pressure. Decliners led advancers by nearly a 3-1 margin on the NYSE and more than 4-1 on the Nasdaq exchange. There were 36 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 63 stocks. The list of new 52-week highs contracted yet still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for only 1 of the 13 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the major averages' uptrend has been supported by a healthy crop of stocks hitting new highs. However, coupled with distributional pressure this week leadership has contracted, putting the rally under pressure. 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 declined 30 points to 2,061, and its big loss led to a close below its 50-day moving average (DMA) line again.
The major averages extended their losses to a third day amid a disappointing update on U.S. manufacturing. Before the open, the Commerce Department reported durable goods unexpectedly fell 1.4% in February.
Nine of 10 sectors in the S&P 500 were down on the session led by tech. Chipmakers paced the group's decline following cautious analyst comments on demand. Micron (MU -4.97%) and Intel (INTC -2.92%) were both lower. Biotech also weighed on the market as it extended its recent pullback with big losses for Biogen (BIIB -4.66%) and Celgene (CELG -4.22%) fell. Energy was the lone sector in positive territory. Chevron (CVX +1.41%) and Schlumberger (SLB +1.76%) rose as oil advanced. Kraft (KRFT +35.62%) was the best-performing stock in the S&P 500, surging after it agreed to be acquired by privately-held Heinz.
Treasuries declined as the latest five-year note auction drew tepid demand. The benchmark 10-year note was down 15/32 to yield 1.92%.
In commodities, NYMEX WTI crude gained 1.4% to $48.93/barrel as a weaker dollar countered an eleventh consecutive weekly increase in U.S. inventories. COMEX gold rose for a sixth straight day, edging up 0.3% to $1,195.40/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy Indexes Rose Amid Widespread Group Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy-related shares posted gains as the Integrated Oil Index ($XOI +1.27%) and the Oil Services Index ($OSX +1.61%) rose, but most groups fell on Wednesday. The Semiconductor Index ($SOX -4.60%) and Biotechnology Index ($BTK -4.35%) led the tech sector's retreat while the Networking Index ($NWX -2.06%) suffered a smaller loss. The Broker/Dealer Index ($XBD -2.00%) and the Bank Index ($BKX -1.65%) both lost ground and added a negative influence on the major averages. The Gold & Silver Index ($XAU -1.52%) and Retail Index ($RLX -1.50%) rounded out the mostly negative session with additional losses.
Charts courtesy www.stockcharts.com
PICTURED: The Oil Services Index ($OSX +1.61%) halted its slide near its January lows but remains below its 50 DMA line.
| Oil Services |
$OSX |
190.57 |
+3.02 |
+1.61% |
-9.63% |
| Integrated Oil |
$XOI |
1,331.38 |
+16.76 |
+1.27% |
-1.24% |
| Semiconductor |
$SOX |
684.73 |
-33.05 |
-4.60% |
-0.31% |
| Networking |
$NWX |
364.72 |
-7.66 |
-2.06% |
+1.89% |
| Broker/Dealer |
$XBD |
186.18 |
-3.81 |
-2.00% |
+0.83% |
| Retail |
$RLX |
1,112.71 |
-16.91 |
-1.50% |
+7.74% |
| Gold & Silver |
$XAU |
69.49 |
-1.07 |
-1.52% |
+1.03% |
| Bank |
$BKX |
71.50 |
-1.20 |
-1.65% |
-3.72% |
| Biotech |
$BTK |
3,940.81 |
-179.16 |
-4.35% |
+14.59% |
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Relative Strength Rating Falls While Testing 200-Day Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Illumina Inc (ILMN -$7.63 or -4.00% to $183.28) slumped further below its 50-day moving average (DMA) line and near its 200 DMA line with a big loss today on above average volume. There was a "negative reversal" after touching a new 52-week high on 1/28/15, finishing with a loss on above average volume.This Medical - Research Equipment/Services firm was last shown in this FSU section on 3/05/15 with annotated graphs under the headline, "Found Support at 50-Day Moving Average Line But Relative Strength Has Slumped". Now its Relative Strength rating has slumped to 74, below the 80+ minimum guideline for buy candidates.
ILMN now faces resistance due to overhead supply up through the $213 level. It really has made no headway since highlighted in the 10/22/14 mid-day report (read here). Fundamentals remain strong as it reported earnings +93% on +32% sales revenues for the Dec '14 quarter, its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Sequential quarterly comparisons show encouraging sales revenues and earnings acceleration. Its annual earnings (A criteria) growth history has improved steadily since a downturn in FY '09. The number of top-rated funds owning its shares rose from 877 in Dec '13 to 1,097 in Dec '14, a reassuring sign concerning the I criteria.
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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
|
$300.63
|
-8.50
-2.75% |
$309.65
|
4,313,283
128.22% of 50 DAV
50 DAV is 3,364,000
|
$317.72
-5.38%
|
12/29/2014
|
$260.22
|
PP = $272.85
|
|
MB = $286.49
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Most Recent Note - 3/23/2015 5:51:45 PM
G - Pulled back from its 52-week high with a small loss on average volume following a streak of 8 consecutive gains. It is very extended from any sound base. 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. Its 50 DMA line defines support where violations would raise more serious concerns.
>>> FEATURED STOCK ARTICLE : Extended From Base After Completing New Public Offering - 3/13/2015
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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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$70.65
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-1.97
-2.71% |
$72.53
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1,362,137
80.94% of 50 DAV
50 DAV is 1,683,000
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$73.53
-3.92%
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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 - 3/23/2015 5:32:26 PM
G - Following brief consolidation gains lacked great volume conviction. Prior highs in the $65 area and its 50 DMA line define important support to watch on pullbacks. See latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Wedging Gains Have Followed Brief Consolidation - 3/23/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$69.56
|
-3.16
-4.35% |
$73.25
|
2,187,059
113.79% of 50 DAV
50 DAV is 1,922,000
|
$73.50
-5.36%
|
3/2/2015
|
$60.54
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PP = $63.30
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MB = $66.47
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Most Recent Note - 3/25/2015 5:48:43 PM
G - Pulled back today with a big loss on near average volume. Disciplined investors avoid chasing stocks more than +5% above their pivot point. Prior highs near $63 define important near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Rallied Above Max Buy Level Following Strong Earnings News - 3/10/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$60.13
|
-1.82
-2.94% |
$61.88
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292,946
83.22% of 50 DAV
50 DAV is 352,000
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$63.50
-5.31%
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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 - 3/23/2015 5:47:24 PM
G - Rallied with above average volume behind today's gain for a best-ever close. Held its ground after getting extended from the prior base. Prior highs and its 50 DMA line define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near Highs Extended From Prior Base - 3/18/2015
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C
A N
S L
I M
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$82.92
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-2.39
-2.80% |
$85.52
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37,366,151
141.05% of 50 DAV
50 DAV is 26,492,000
|
$86.07
-3.66%
|
2/20/2015
|
$81.79
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PP = $78.47
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MB = $82.39
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Most Recent Note - 3/23/2015 5:54:39 PM
G - Hit another new 52 week high with today's 6th consecutive gain, recently rallying clear of all resistance due to overhead supply. Its Relative Strength rating has improved to 82, above the 80+ minimum guideline for new buy candidates.
>>> 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
|
$183.28
|
-7.63
-4.00% |
$192.44
|
1,441,792
121.78% of 50 DAV
50 DAV is 1,183,900
|
$213.33
-14.09%
|
12/30/2014
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$186.26
|
PP = $196.00
|
|
MB = $205.80
|
Most Recent Note - 3/25/2015 5:47:26 PM
G - Slumped further below its 50 DMA line toward its 200 DMA line with a loss today on higher volume. Its Relative Strength rating has slumped to 74, below the 80+ minimum guideline for buy candidates. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Falls While Testing 200-Day Average - 3/25/2015
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
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News |
Chart |
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$162.26
|
-3.51
-2.12% |
$166.20
|
426,287
142.10% of 50 DAV
50 DAV is 300,000
|
$170.85
-5.03%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 3/23/2015 5:44:33 PM
G - Touched a new high today but ended with a small loss, and it is extended from its prior base following 5 consecutive gains. Its 50 DMA line recently acted as support.
>>> FEATURED STOCK ARTICLE : Found Support Near Prior Highs and 50-Day Moving Average Line - 3/17/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$256.05
|
-8.11
-3.07% |
$264.61
|
1,174,720
75.74% of 50 DAV
50 DAV is 1,551,000
|
$276.18
-7.29%
|
2/6/2015
|
$269.83
|
PP = $243.35
|
|
MB = $255.52
|
Most Recent Note - 3/25/2015 5:53:54 PM
G - Ended near the session low with a loss today on light volume, slumping near prior lows and its 50 DMA line defining near-term support. Stalled and made no progress since the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here).
>>> FEATURED STOCK ARTICLE : Stalled Following "Breakaway Gap" 6 Weeks Ago - 3/19/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$100.15
|
-3.89
-3.74% |
$104.46
|
5,902,872
156.66% of 50 DAV
50 DAV is 3,768,000
|
$108.50
-7.70%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 3/25/2015 5:49:53 PM
G - Pulling back from its all-time high with above average volume behind today's 3rd consecutive loss. It is very extended from its prior base. Disciplined investors avoid chasing extended stocks.
>>> 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
|
$138.62
|
-1.66
-1.18% |
$141.16
|
1,566,152
118.38% of 50 DAV
50 DAV is 1,323,000
|
$149.35
-7.18%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 3/23/2015 5:35:10 PM
G - Its 50 DMA line and prior lows near $134 define important near-term support where subsequent violations may trigger technical sell signals. 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
|
$42.97
|
-1.46
-3.29% |
$44.69
|
331,357
84.10% of 50 DAV
50 DAV is 394,000
|
$50.00
-14.06%
|
2/6/2015
|
$42.24
|
PP = $40.84
|
|
MB = $42.88
|
Most Recent Note - 3/25/2015 5:51:36 PM
G - Down with below average volume behind today's 5th consecutive loss. Consolidating above prior highs in the $40-41 area and near its 50 DMA line ($43.37) which defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Consolidating Above Support at Prior Highs and 50-Day Moving Average - 3/20/2015
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C
A N
S L
I M
|
REIS
-
NASDAQ
Reis Inc
Real Estate Dvlpmt/Ops
|
$26.27
|
+0.05
0.19% |
$26.58
|
37,456
133.77% of 50 DAV
50 DAV is 28,000
|
$28.82
-8.85%
|
3/16/2015
|
$25.65
|
PP = $26.64
|
|
MB = $27.97
|
Most Recent Note - 3/24/2015 5:19:59 PM
Y - Holding its ground perched near its pivot point with no resistance remaining due to overhead supply. Gains above the pivot point must have at least +40% above average volume to trigger a convincing technical buy signal.
>>> FEATURED STOCK ARTICLE : Found Support at Long-Term Average and Fundamentals Are Good - 3/16/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$197.01
|
-6.10
-3.00% |
$204.95
|
2,277,056
67.51% of 50 DAV
50 DAV is 3,373,000
|
$206.84
-4.75%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 3/24/2015 5:21:03 PM
G - Completed a new Public Offering on 3/17/15 while consolidating near its all-time high. Earnings for Dec '14 quarter raised concerns. Its 50 DMA line defines the closest support level to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Fundamental Concerns Raised by Weaker Earnings and Sales Increases - 3/24/2015
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C
A N
S L
I M
|
|
|
|
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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