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AFTER MARKET UPDATE - MONDAY, APRIL 20TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+208.63 |
18,034.93 |
+1.17% |
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Volume |
668,344,300 |
-23% |
|
Volume |
1,519,124,900 |
-17% |
|
NASDAQ |
+62.79 |
4,994.60 |
+1.27% |
|
Advancers |
2,147 |
68% |
|
Advancers |
1,964 |
67% |
|
S&P 500 |
+19.22 |
2,100.40 |
+0.92% |
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Decliners |
890 |
28% |
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Decliners |
885 |
30% |
|
Russell 2000 |
+13.06 |
1,264.92 |
+1.04% |
|
52 Wk Highs |
57 |
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|
52 Wk Highs |
63 |
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S&P 600 |
+8.03 |
722.60 |
+1.12% |
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52 Wk Lows |
14 |
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52 Wk Lows |
26 |
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Breadth Positive as Major Averages Rose With Less Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rallied on Monday’s session. The Dow rose 209 points to 18034. The S&P 500 gained 19 points to 2,100. The NASDAQ Composite was 63 points higher at 4,994. The volume totals were reported lighter than the prior session on the NYSE and on the Nasdaq exchange versus the prior session totals, after Friday's totals were inflated by options expirations. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 22 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 3 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 11 of the 14 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the major averages have recently encountered distributional pressure and leadership (stocks hitting new 52-week highs) has waned, 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 found support again near its 50-day moving average (DMA) line.
The major averages rebounded from Friday's retreat after China's central bank announced a larger-than-expected cut to its reserve requirement for lenders. Markets also advanced following a round of encouraging corporate earnings releases. Toymaker Hasbro (HAS +12.55%) rallied after posting results above analyst estimates. Shares of Morgan Stanley (MS +0.57%) edged higher as its profits exceeded consensus projections. Royal Caribbean (RCL -8.00%) shares sank after the cruise ship operator lowered its full-year forecast.
All 10 sectors in the S&P 500 finished firmly in positive territory. Tech was the best performing group on the session with Microsoft (MSFT +3.10%) and Apple (AAPL +2.28%) both rising. Utilities also paced the advance with Exelon (EXC +2.03%) higher. Railroad operators led the industrial's advance with CSX (CSX +4.77%) and Kansas City Southern (KSU +2.76%) both chugging higher.
Treasuries were down attributed to China easing monetary policy. The benchmark 10-year was down 5/32 to yield 1.88%. The 30-year bond fell 22/32 to yield 2.55%.
In commodity trading, NYMEX WTI crude added 1% to $56.29/barrel amid speculation inventory growth may be slowing. COMEX gold fell 0.8% to $1,193.50/ounce amid today’s equity market rally and dollar strength.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Semiconductor and Networking Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.21%) was a positive influence on the major averages on Monday and financials also added to the bullish bias as the Bank Index ($BKX +0.40%) and the Broker/Dealer Index ($XBD +0.67%) both posted modest gains. The Networking Index ($NWX +1.18%) led the tech sector while the Semiconductor Index ($SOX +0.89%) followed with a solid gain but the Biotechnology Index ($BTK +0.13%) finished flat. Commodity-linked groups were quiet as the Integrated Oil Index ($XOI +0.13%), Oil Services Index ($OSX +0.17%), and the Gold & Silver Index ($XAU +0.35%) edged higher.
Charts courtesy www.stockcharts.com
PICTURED: The Gold & Silver Index ($XAU +0.35%) is consolidating near its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
212.27 |
+0.37 |
+0.17% |
+0.66% |
| Integrated Oil |
$XOI |
1,424.81 |
+1.81 |
+0.13% |
+5.69% |
| Semiconductor |
$SOX |
702.29 |
+6.20 |
+0.89% |
+2.24% |
| Networking |
$NWX |
379.02 |
+4.41 |
+1.18% |
+5.89% |
| Broker/Dealer |
$XBD |
190.68 |
+1.27 |
+0.67% |
+3.27% |
| Retail |
$RLX |
1,128.40 |
+13.48 |
+1.21% |
+9.26% |
| Gold & Silver |
$XAU |
71.20 |
+0.25 |
+0.35% |
+3.52% |
| Bank |
$BKX |
72.97 |
+0.29 |
+0.40% |
-1.74% |
| Biotech |
$BTK |
4,061.01 |
+5.45 |
+0.13% |
+18.08% |
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Perched at All-Time High, Extended From Prior Base
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ambarella Corporation's (AMBA +$1.72 or +2.36% to $74.56) volume totals have cooled in recent weeks while stubbornly holding its ground near its all-time high. It has not formed a sound base of sufficient length. Its 50-day moving average (DMA) line ($65.91) and recent low ($64.55 on 3/26/15) define important near term support to watch on pullbacks.
The high-ranked Electronics - Semiconductor firm was last shown in this FSU section on 3/30/15 with annotated graphs under the headline, "Getting Extended After Brief Pullback". Members were reminded - "Disciplined investors avoid chasing stocks more than +5% above their prior highs."
On 3/02/15 a new pivot point was cited based on its 1/13/15 high plus 10 cents. 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). 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 has been on the rise, up from 51 in Dec '12 to 231 in Mar '15, a reassuring indication concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is also an unbiased indication its shares have been under slight 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.
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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
|
$295.37
|
-1.68
-0.57% |
$298.94
|
2,627,149
74.09% of 50 DAV
50 DAV is 3,546,000
|
$317.72
-7.03%
|
12/29/2014
|
$260.22
|
PP = $272.85
|
|
MB = $286.49
|
Most Recent Note - 4/17/2015 6:45:24 PM
G - Still finding support at its 50 DMA line. Losses leading to a damaging violation of the 50 DMA line and recent lows would raise more serious concerns and trigger technical sell signals. 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.
>>> FEATURED STOCK ARTICLE : Pullback With Higher Volume Toward 50-Day Moving Average - 4/1/2015
View all notes |
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C
A N
S L
I M
|
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$73.46
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+1.56
2.17% |
$73.68
|
1,600,839
98.63% of 50 DAV
50 DAV is 1,623,000
|
$73.53
-0.10%
|
4/20/2015
|
$73.53
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PP = $73.63
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MB = $77.31
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Most Recent Note - 4/20/2015 1:03:02 PM
Y - Color code is changed to yellow with new pivot point cited based on its 3/20/15 high plus 10 cents. Gains above a stock's pivot point must be backed by at least +40% above average volume to trigger a new (or add-on) technical buy signal. Its 50 DMA line and recent lows in the $68 area define near-term support to watch. Due to report earnings on 4/28/15 after the market close.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Above 50-Day Moving Average Line - 4/13/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$74.56
|
+1.72
2.36% |
$75.36
|
884,187
47.79% of 50 DAV
50 DAV is 1,850,000
|
$77.39
-3.66%
|
3/2/2015
|
$60.54
|
PP = $63.30
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|
MB = $66.47
|
Most Recent Note - 4/20/2015 5:25:53 PM
G - Volume totals have cooled in recent weeks while stubbornly holding its ground near its all-time high. It has not formed a sound base of sufficient length. Its 50 DMA line ($65.92) and recent low ($64.55 on 3/26/15) define important near term support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior Base - 4/20/2015
View all notes |
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News |
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C
A N
S L
I M
|
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$53.70
|
+1.45
2.78% |
$53.78
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189,375
91.05% of 50 DAV
50 DAV is 208,000
|
$55.01
-2.38%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 4/20/2015 1:11:34 PM
G - Volume totals have been cooling while stubbornly holding its ground near all-time highs after volume-driven gains. It is extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Backed With 8 Times Average Volume - 4/9/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$67.76
|
+1.15
1.73% |
$68.24
|
221,235
50.86% of 50 DAV
50 DAV is 435,000
|
$70.49
-3.87%
|
3/27/2015
|
$61.97
|
PP = $63.60
|
|
MB = $66.78
|
Most Recent Note - 4/17/2015 6:50:54 PM
Y - Pulled back today with average volume to finish just below its "max buy" level and its color code is changed to yellow. Prior highs in the $63.50 area define near-term support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Fresh Breakout Again Had Look of Institutional Demand - 4/7/2015
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News |
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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 |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
|
$83.09
|
+2.32
2.87% |
$83.15
|
28,694,711
120.17% of 50 DAV
50 DAV is 23,877,500
|
$86.07
-3.46%
|
2/20/2015
|
$81.79
|
PP = $78.47
|
|
MB = $82.39
|
Most Recent Note - 4/20/2015 1:38:15 PM
G - Color code is changed to green after rebounding back above its "max buy" level today while consolidating above support at its 50 DMA line ($80.25). A subsequent violation would raise concerns an trigger a technical sell signal. Its Relative Strength rating has slumped to 79, below the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Pullback Near Previously Stubborn Resistance - 3/31/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$193.18
|
+2.02
1.06% |
$195.93
|
1,156,871
123.88% of 50 DAV
50 DAV is 933,900
|
$213.33
-9.45%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
|
MB = $205.80
|
Most Recent Note - 4/20/2015 5:29:32 PM
G - Its Relative Strength rating, now 78, remains below the 80+ minimum guideline for buy candidates. Managed to close just above its 50 DMA line with today's gain backed by above average volume. Reporting earnings after the close on Tuesday. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Earnings Report Due Next Week May Generate Volatility - 4/15/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$163.79
|
+0.34
0.21% |
$164.90
|
262,330
97.52% of 50 DAV
50 DAV is 269,000
|
$172.09
-4.82%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 4/17/2015 6:47:01 PM
G - Pulled back today testing its 50 DMA line ($163.25). More damaging losses would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Holding Ground After Rally For New Highs - 4/6/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$258.52
|
+4.77
1.88% |
$265.56
|
2,121,682
146.12% of 50 DAV
50 DAV is 1,452,000
|
$276.18
-6.39%
|
4/10/2015
|
$263.45
|
PP = $276.28
|
|
MB = $290.09
|
Most Recent Note - 4/20/2015 5:24:19 PM
G - Posted a gain today with above average volume but it met resistance at its 50 DMA line ($261.67). A rebound above that important short-term average is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 4/10/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$101.03
|
+1.30
1.30% |
$102.20
|
1,748,914
48.07% of 50 DAV
50 DAV is 3,638,000
|
$108.50
-6.88%
|
4/15/2015
|
$100.75
|
PP = $108.60
|
|
MB = $114.03
|
Most Recent Note - 4/20/2015 1:13:40 PM
Y - Volume totals have been cooling while consolidating in recent weeks and a new pivot point was cited based on its 3/23/15 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. The 50 DMA line ($95.99) defines important near-term support to watch above the recent lows.
>>> FEATURED STOCK ARTICLE : Forming New Base Above 50-Day Moving Average Line - 4/16/2015
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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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$146.51
|
+4.01
2.81% |
$146.62
|
900,082
64.15% of 50 DAV
50 DAV is 1,403,000
|
$150.44
-2.61%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 4/20/2015 1:16:35 PM
Y - Finding support above its 50 DMA line ($141.34) today. Volume totals have been mostly quiet in recent weeks. The 50 DMA line and recent lows near $134 define near term support where subsequent violations would raise concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 4/17/2015
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C
A N
S L
I M
|
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$50.87
|
+0.60
1.19% |
$52.24
|
331,735
70.28% of 50 DAV
50 DAV is 472,000
|
$54.09
-5.95%
|
4/8/2015
|
$52.04
|
PP = $50.10
|
|
MB = $52.61
|
Most Recent Note - 4/17/2015 6:41:20 PM
Y - Pulled back near its pivot point with a small gap down today. Testing prior highs near $50 which define initial support to watch above its 50 DMA ($46.92) line.
>>> FEATURED STOCK ARTICLE : Volume Driven Gain From Flat Base Triggered New Technical Buy Signal - 4/8/2015
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C
A N
S L
I M
|
REIS
-
NASDAQ
Reis Inc
Real Estate Dvlpmt/Ops
|
$25.94
|
-0.06
-0.23% |
$26.38
|
12,041
40.14% of 50 DAV
50 DAV is 30,000
|
$28.82
-9.99%
|
3/16/2015
|
$25.65
|
PP = $26.64
|
|
MB = $27.97
|
Most Recent Note - 4/17/2015 6:43:38 PM
Y - Rallied from support at its 50 DMA line ($25.17) with a gain today backed by above average volume. Little resistance remains due to overhead supply. Members were repeatedly reminded - "Gains above the pivot point must have at least +40% above average volume to trigger a convincing technical buy signal."
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure Following Breakout Lacking Volume - 4/2/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$205.21
|
-0.11
-0.05% |
$206.72
|
976,561
31.01% of 50 DAV
50 DAV is 3,149,000
|
$211.57
-3.01%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 4/20/2015 1:05:55 PM
G - Still consolidating near all-time highs with volume-totals cooling in recent weeks while stubbornly holding its ground. Completed a new Public Offering on 3/17/15. Earnings for Dec '14 quarter raised concerns. Recent low ($186.20 on 3/11/15) and its 50 DMA line define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High But Concerns Remain After Sub Par Quarter - 4/14/2015
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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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