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AFTER MARKET UPDATE - FRIDAY, MARCH 27TH, 2015
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DOW |
+34.43 |
17,712.66 |
+0.19% |
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Volume |
725,351,640 |
-10% |
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Volume |
1,564,784,960 |
-16% |
NASDAQ |
+27.86 |
4,891.22 |
+0.57% |
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Advancers |
1,842 |
58% |
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Advancers |
1,630 |
57% |
S&P 500 |
+4.87 |
2,061.02 |
+0.24% |
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Decliners |
1,200 |
38% |
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Decliners |
1,124 |
40% |
Russell 2000 |
+8.42 |
1,240.41 |
+0.68% |
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52 Wk Highs |
56 |
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52 Wk Highs |
38 |
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S&P 600 |
+3.74 |
714.63 |
+0.53% |
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52 Wk Lows |
29 |
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52 Wk Lows |
43 |
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Major Averages Halted Slide With Small Gains on Lighterr Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was down -2.3%, the S&P 500 fell -2.2% and the NASDAQ declined -2.7%. Behind Friday's modest gains the volume totals were reported lighter on the NYSE and lower on the Nasdaq exchange versus the prior session totals. Advancers led decliners by a 3-2 margin on the NYSE and by 4-3 on the Nasdaq exchange. There were 18 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page. That was up from the prior session total of 4 stocks, yet down sharply from 150 stocks on last Friday, March 20th. The list of new 52-week highs outnumbered new 52-week lows on the NYSE, but new lows slightly outnumbered new highs on the Nasdaq exchange. There were gains for 11 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 Dow was up 34 points to 17,712, halting its slide at an upward trendline connecting its October - February lows. A rebound above its 50-day moving average would be a reassuring sign, but losses leading to a violation of the upward trendline would hurt the near-term outlook.
Stocks rose on Friday's session. The S&P 500 gained 5 points to 2,061. The NASDAQ Composite advanced 28 points to close at 4,891.
The major averages finished higher to snap a four day decline as investors weighed the latest economic data. Before the open, the Commerce Department reported fourth-quarter GDP grew at a 2.2% annualized rate, unchanged from its previous estimate. The University of Michigan's final reading on sentiment showed consumer confidence declined in March. Shortly before the close, Fed Chair Janet Yellen said in a speech that an interest rate increase may be warranted later this year.
Health care was the best performing sector on the session. Biotech rebounded to pace the group higher with Amgen (AMGN +1.3%) on the rise. Energy was down the most following a sharp drop in oil prices. Transocean (RIG -5.5%) fell harder while Exxon (XOM -0.9%) edged lower. On the earnings front, Carnival (CCL +6.1%) rose as the cruise ship operator’s profits topped projections. GameStop (GME -1.1%) slipped lower after posting disappointing quarterly results and provided reduced guidance.
Treasuries advanced with the 10-year finishing 11/32 higher to yield 1.95%.
In the commodities, NYMEX WTI crude tumbled -5.8% to $48.44/barrel. COMEX gold slipped -0.6% to $1,197.40/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Tech Gains Offset Weakness in Commodity-Linked Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.89%) posted a gain that had a positive influence on the major averages on Friday. The Semiconductor Index ($SOX +2.83%) and the Biotechnology Index ($BTK +2.61%) posted big gains to lead the tech sector higher while the Networking Index ($NWX +0.43%) posted a smaller gain. The Bank Index ($BKX -0.43%) edged lower while the Broker/Dealer Index ($XBD +0.02%) finished flat. Meanwhile, commodity-linked groups had a negative bias as the Gold & Silver Index ($XAU -0.97%), Integrated Oil Index ($XOI -0.95%), and the Oil Services Index ($OSX -0.57%) each lost ground.
Charts courtesy www.stockcharts.com
PICTURED: The Semiconductor Index ($SOX +2.83%) halted its slide above its 200 DMA line.
Oil Services |
$OSX |
189.84 |
-1.08 |
-0.57% |
-9.97% |
Integrated Oil |
$XOI |
1,316.77 |
-12.65 |
-0.95% |
-2.33% |
Semiconductor |
$SOX |
694.32 |
+19.08 |
+2.83% |
+1.08% |
Networking |
$NWX |
366.30 |
+1.56 |
+0.43% |
+2.34% |
Broker/Dealer |
$XBD |
187.02 |
+0.04 |
+0.02% |
+1.29% |
Retail |
$RLX |
1,111.31 |
+9.79 |
+0.89% |
+7.61% |
Gold & Silver |
$XAU |
67.73 |
-0.66 |
-0.97% |
-1.53% |
Bank |
$BKX |
71.39 |
-0.31 |
-0.43% |
-3.86% |
Biotech |
$BTK |
4,032.33 |
+102.74 |
+2.61% |
+17.25% |
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Latest Consolidation is a Short New "Square Box" Base
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW +$4.99 or +3.53% to $146.44) found support at its 50-day moving average (DMA) line and near prior lows, then posted a gain today backed by above average volume. It has formed a 4-week "square box" type base pattern. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Meanwhile, any weakness leading to damaging violations of the 50 DMA line and recent low may trigger worrisome technical sell signals.
The Computer Software - Security firm was last shown in this FSU section with annotated graphs on 3/12/15 under the headline, "Fundamentals Improved But No New Base Has Formed". It 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, the highest possible rating. It has a strong annual earnings (A criteria) history.
It has a slightly bullish Up/Down Volume Ratio of 1.2, an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 246 in Jun '13 to 619 in Dec '14, a very 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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$303.56
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+2.24
0.74% |
$306.17
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2,032,373 59.86% of 50 DAV
50 DAV is 3,395,000
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$317.72 -4.46%
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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 - 3/23/2015 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
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AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$71.29
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+0.26
0.36% |
$71.51
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820,543 48.75% of 50 DAV
50 DAV is 1,683,000
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$73.53 -3.05%
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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
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$70.35
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+1.84
2.69% |
$70.90
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1,556,902 80.79% of 50 DAV
50 DAV is 1,927,000
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$73.50 -4.29%
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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 - 3/27/2015 5:37:19 PM
G - Posted a gain today following 2 volume-driven losses, promptly rebounding after a brief dip below its "max buy" level. 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
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$61.97
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+0.96
1.57% |
$62.12
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270,669 76.89% of 50 DAV
50 DAV is 352,000
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$63.50 -2.41%
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3/27/2015
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$61.97
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PP = $63.60
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MB = $66.78
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Most Recent Note - 3/27/2015 5:40:31 PM
Y - Color code is changed to yellow with new pivot point cited based on its 2/27/15 high while building a short flat base. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Stubbornly holding its ground well above prior highs and its 50 DMA line defining 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
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FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$83.30
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+0.29
0.35% |
$83.95
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18,310,187 67.79% of 50 DAV
50 DAV is 27,010,000
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$86.07 -3.22%
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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 - 3/23/2015 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
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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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$187.17
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+2.80
1.52% |
$187.40
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693,773 61.02% of 50 DAV
50 DAV is 1,137,000
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$213.33 -12.26%
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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 - 3/25/2015 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
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$165.40
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+2.26
1.39% |
$165.68
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236,717 77.87% of 50 DAV
50 DAV is 304,000
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$170.85 -3.19%
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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 - 3/23/2015 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
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$256.71
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+0.92
0.36% |
$258.05
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576,776 37.77% of 50 DAV
50 DAV is 1,527,000
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$276.18 -7.05%
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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 - 3/25/2015 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
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$99.92
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+2.42
2.48% |
$100.64
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4,991,246 127.07% of 50 DAV
50 DAV is 3,928,000
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$108.50 -7.91%
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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 - 3/27/2015 5:41:54 PM
G - Halted its slide with a gain today following 4 consecutive losses. It is very extended from its prior base, and disciplined investors avoid chasing extended stocks. The 50 DMA line ($89.45) defines near-term support.
>>> FEATURED STOCK ARTICLE : Pullback Following Considerable Rally of 41.9% Since Start of Year - 3/26/2015
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$146.44
|
+4.99
3.53% |
$147.13
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1,933,307 144.28% of 50 DAV
50 DAV is 1,340,000
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$149.35 -1.95%
|
3/27/2015
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$146.44
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PP = $149.45
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MB = $156.92
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Most Recent Note - 3/27/2015 5:05:11 PM
Y - Color code is changed to yellow after finding support at its 50 DMA line and forming a short "square box" base. Subsequent volume driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Latest Consolidation is a Short New "Square Box" Base - 3/27/2015
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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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$45.34
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+0.38
0.85% |
$45.46
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263,690 65.92% of 50 DAV
50 DAV is 400,000
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$50.00 -9.32%
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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 - 3/26/2015 6:24:06 PM
G - Broke a 5 session losing streak and posted a solid gain today with slightly above average volume. Finished near the session high after undercutting its 50 DMA line ($43.53). Prior highs in the $40-41 area defined the next important near-term support to watch below the 50 DMA line.
>>> 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
|
$26.19
|
-0.20
-0.76% |
$26.51
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39,837 147.54% of 50 DAV
50 DAV is 27,000
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$28.82 -9.13%
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3/16/2015
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$25.65
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PP = $26.64
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MB = $27.97
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Most Recent Note - 3/27/2015 12:42:27 PM
Y - Still stubbornly 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
|
$197.84
|
-0.62
-0.31% |
$200.31
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1,016,887 30.48% of 50 DAV
50 DAV is 3,336,000
|
$206.84 -4.35%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
MB = $157.40
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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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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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