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AFTER MARKET UPDATE - THURSDAY, MARCH 26TH, 2015
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DOW |
-40.31 |
17,678.23 |
-0.23% |
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Volume |
808,217,500 |
+5% |
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Volume |
1,861,379,090 |
-9% |
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NASDAQ |
-13.16 |
4,863.36 |
-0.27% |
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Advancers |
1,200 |
38% |
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Advancers |
1,215 |
42% |
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S&P 500 |
-4.90 |
2,056.15 |
-0.24% |
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Decliners |
1,838 |
58% |
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Decliners |
1,576 |
54% |
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Russell 2000 |
-1.87 |
1,231.99 |
-0.15% |
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52 Wk Highs |
21 |
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52 Wk Highs |
21 |
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S&P 600 |
-1.72 |
710.89 |
-0.24% |
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52 Wk Lows |
20 |
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52 Wk Lows |
51 |
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Major Averages Recovered From Deeper Losses But Ended Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished little changed on Thursday after recovering from earlier lows that were much worse. The Dow fell 40 points to 17,678. The S&P 500 retreated 4 points to 2,056. The volume totals were reported mixed, higher on the NYSE and lower on the Nasdaq exchange versus the prior session totals. Decliners led advancers by a 3-2 margin on the NYSE and more than 5-4 on the Nasdaq exchange. Leadership has dried up, with only 4 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 36 stocks, and down from 150 stocks on Friday, March 20th. The list of new 52-week highs matched new 52-week lows on the NYSE, and new lows outnumbered new highs on the Nasdaq exchange. There were gains for 10 of the 13 high-ranked companies currently on the Featured Stocks Page, showing a favorable bias, versus the broader market's more negative slant
Concerning the M criteria, the major averages' have endured distributional pressure while 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 Nasdaq Composite Index declined 13 points to 4,863, sinking toward prior highs. It showed encouraging resilience after briefly undercutting its 50-day moving average (DMA) line, finishing above the midpoint of the session.
The major averages searched for direction amid Saudi Arabia's offensive in Yemen. Turning to economic data, in March a measure of sentiment in the services sector rose more than expected, but a gauge of manufacturing activity surprisingly tumbled. Last week, jobless claims fell more than projected, spurring speculation of expedited rate increases.
At the close, eight of the 10 S&P 500 sectors were lower as gains in technology offset weakness in industrials. Transportation stocks suffered from a rally in oil prices. American Airlines (AAL -1.43%). Utilities were off the most as Duke Energy (DUK -0.81%). Consumer discretionary was weighed down as negative analyst commentary pushed Macy's (M -2.26%) lower. Tech stocks snapped a losing streak. Positive earnings lifted Accenture (ACN +6.76%), and Apple (AAPL +0.70%) rose.
Treasuries fell amid a $29 billion auction of seven year notes. Weak auction demand helped the 10-year note lose 20/32 to yield 2.00%.
Commodities were mixed. WTI crude surged +4.2% to $51.27/bbl on the heels of the Saudi offensive in Yemen. COMEX gold gained +0.5% to $1,203.10/ounce. In FOREX, the dollar gained +0.3% as the euro fell -0.8% to $1.0886/EUR and the yen strengthened 0.2% to ¥119.21/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial Groups' Gains Helped Offset Other Weakess
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Modest gains from influential financial shares helped offset broader weakness on Thursday as the Bank Index ($BKX +0.28%) and the Broker/Dealer Index ($XBD +0.43%) both posted modest gains. Energy-related shares were mixed and little changed as the Oil Services Index ($OSX +0.18%) edged higher and the Integrated Oil Index ($XOI -0.15%) edged lower. The Retail Index ($RLX -1.01%) fell and the Semiconductor Index ($SOX -1.39%) created a drag in the tech sector. The Networking Index ($NWX +0.01%) finished flat and the Biotechnology Index ($BTK -0.28%) suffered a small loss. The Gold & Silver Index ($XAU -1.58%) lost ground.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -0.28%) suffered a 5th consecutive loss, testing its 50-day moving average (DMA) line which acted as support on prior consolidations.
| Oil Services |
$OSX |
190.92 |
+0.35 |
+0.18% |
-9.46% |
| Integrated Oil |
$XOI |
1,329.42 |
-1.96 |
-0.15% |
-1.39% |
| Semiconductor |
$SOX |
675.24 |
-9.49 |
-1.39% |
-1.69% |
| Networking |
$NWX |
364.74 |
+0.02 |
+0.01% |
+1.90% |
| Broker/Dealer |
$XBD |
186.98 |
+0.80 |
+0.43% |
+1.27% |
| Retail |
$RLX |
1,101.52 |
-11.19 |
-1.01% |
+6.66% |
| Gold & Silver |
$XAU |
68.39 |
-1.10 |
-1.58% |
-0.57% |
| Bank |
$BKX |
71.70 |
+0.20 |
+0.28% |
-3.45% |
| Biotech |
$BTK |
3,929.59 |
-11.22 |
-0.28% |
+14.26% |
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Pullback Following Considerable Rally of 41.9% Since Start of Year
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Nxp Semiconductors N V (NXPI -$2.65 or -2.65% to $97.50) suffered a 4th consecutive loss on ever-increasing volume while retreating from its all-time high, yet finished in the upper half of its intra-day range. It is very extended from its prior base. Disciplined investors avoid chasing extended stocks.
NXPI was last shown in this FSU section on 3/09/15 with annotated graphs under the headline, "Very Extended Following Gap Up Gain on M&A News". 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. It traded up as much as +41.9% since first 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 1.2 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 941 in Dec '14, a reassuring sign concerning the I criteria. The Elec - Semicondctor Fablss group has a high 94 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
-
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
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PP = $272.85
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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
|
$70.65
|
-1.97
-2.71% |
$72.53
|
1,362,137
80.94% of 50 DAV
50 DAV is 1,683,000
|
$73.53
-3.92%
|
2/13/2015
|
$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
|
$63.50
-5.31%
|
2/5/2015
|
$51.39
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PP = $52.99
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|
MB = $55.64
|
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
|
$82.92
|
-2.39
-2.80% |
$85.52
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37,373,828
141.08% of 50 DAV
50 DAV is 26,492,000
|
$86.07
-3.66%
|
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 - 3/23/2015 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
|
1,445,133
122.07% of 50 DAV
50 DAV is 1,183,900
|
$213.33
-14.09%
|
12/30/2014
|
$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
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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
|
1,566,217
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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