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AFTER MARKET UPDATE - TUESDAY, MAY 5TH, 2015
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DOW |
-142.20 |
17,928.20 |
-0.79% |
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Volume |
772,681,940 |
+14% |
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Volume |
1,871,044,990 |
+22% |
NASDAQ |
-77.60 |
4,939.33 |
-1.55% |
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Advancers |
622 |
20% |
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Advancers |
691 |
20% |
S&P 500 |
-25.03 |
2,089.46 |
-1.18% |
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Decliners |
2,468 |
77% |
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Decliners |
2,697 |
77% |
Russell 2000 |
-17.80 |
1,215.42 |
-1.44% |
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52 Wk Highs |
45 |
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52 Wk Highs |
39 |
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S&P 600 |
-8.14 |
701.32 |
-1.15% |
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52 Wk Lows |
55 |
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52 Wk Lows |
71 |
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Major Averages Endure More Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were lower on Tuesday. The S&P 500 declined 25 points to 2,089. The NASDAQ Composite lost 78 points to close at 4,939. The volume totals were reported higher than the prior session totals on the Nasdaq exchange and on the NYSE, a sign of heavier selling pressure from the institutional crowd. Breadth was negative as decliners led advancers by nearly a 4-1 margin on the Nasdaq exchange and on the NYSE. Leadership contracted as there were 21 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 29 stocks. New 52-week lows expanded and outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for 7 of the 12 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the major averages recently endured distributional pressure and leadership (stocks hitting new 52-week highs) 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 Dow fell 142 points to 17,928, slumping back below its 50-day moving average (DMA) line.
The major averages finished firmly in negative territory following mixed updates on the economy. Before the open, a report showed the U.S. trade deficit unexpectedly widened in March to its highest level in six years at $51.4 billion. A separate release revealed activity in the service sector expanded at a faster pace than projected in April. Concerns surrounding Greece's debt crisis was also cited as a reason for the pullback.
On the earnings front, Walt Disney (DIS -0.2%) slipped despite posting profits above expectations. Shares of Emerson Electric (EMR -1.83%) were lower as quarterly results missed consensus estimates. In other news, Salesforce.com (CRM +1.6%) rose amid reports Microsoft (MSFT -1.33%) is considering a possible bid to purchase the company.
All 10 sectors in the S&P 500 were down by at least -0.7% on the session. Utilities and tech were the worst performing groups. Shares of Wisconsin Energy (WEC -3.77%) and Entergy (ETR -2.92%) retreated. Chipmaker Intel (INTC -2.36%) fell while Apple (AAPL -2.25%) also declined.
Treasuries were down with the 10-year note losing 8/32 to yield 2.17%.
In commodities, NYMEX WTI crude rose 2.6% to $60.44/barrel. COMEX gold gained 0.4% to $1,191.80/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Retail, and Financial Indices Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Semiconductor Index ($SOX -2.22%), Biotechnology Index ($BTK -1.98%), and the Networking Index ($NWX -1.40%) suffered unanimous losses on Tuesday, and the tech sector weakness caused the Nasdaq Composite Index to fall harder than its larger peers. The Retail Index ($RLX -0.92%) created a drag on the major averages along with modest losses in financial shares as the Broker/Dealer Index ($XBD -0.97%) and the Bank Index ($BKX -0.49%) both slumped. The Gold & Silver Index ($XAU -0.71%) and Integrated Oil Index ($XOI -1.37%) both lost ground, meanwhile the Oil Services Index ($OSX +1.34%) was a standout gainer.
Chart courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -1.98%) has been slumping below its 50-day moving average (DMA) line.
Oil Services |
$OSX |
224.32 |
+2.97 |
+1.34% |
+6.38% |
Integrated Oil |
$XOI |
1,410.75 |
-19.60 |
-1.37% |
+4.65% |
Semiconductor |
$SOX |
688.40 |
-15.63 |
-2.22% |
+0.22% |
Networking |
$NWX |
375.54 |
-5.31 |
-1.40% |
+4.92% |
Broker/Dealer |
$XBD |
191.24 |
-1.87 |
-0.97% |
+3.57% |
Retail |
$RLX |
1,128.97 |
-10.51 |
-0.92% |
+9.32% |
Gold & Silver |
$XAU |
72.93 |
-0.52 |
-0.71% |
+6.03% |
Bank |
$BKX |
74.61 |
-0.37 |
-0.49% |
+0.47% |
Biotech |
$BTK |
3,832.58 |
-77.25 |
-1.98% |
+11.44% |
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Perched Near Its All-Time High, Extended From Prior Base
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Apogee Enterprises (APOG -$0.50 or -0.93% to $53.33) is extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks. It was last shown in this FSU section on 4/09/15 with annotated graphs under the headline, "Breakaway Gap Backed With 8 Times Average Volume". It was highlighted in yellow with pivot point cited based on its 2/26/15 high plus 10 cents in the earlier mid-day report (read here). It gapped up hitting new 52-week highs (N criteria), then finished the session well above its pivot point, clinching a technical buy signal with 8 times its average daily volume behind the big gain.
APOG reported Feb '15 quarterly earnings +74% on +15% sales revenues. Earnings increases were above the +25% minimum guideline (C criteria) in the 5 latest quarterly comparisons. Following a downturn and losses for FY '11 it has been showing better annual earnings (A criteria) growth. The Bldg- Constr Prds/Misc group has shown leadership (L criteria) and has a 93 Group Relative Strength Rating.
The number of top-rated funds owning its shares rose from 272 in Jun '14 to 339 in Mar '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.8 is also an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 27.5 million shares (S criteria) in the publicly traded flat can contribute to greater 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 |
AKAM
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NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$75.36
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+0.26
0.35% |
$75.56
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2,157,620 145.98% of 50 DAV
50 DAV is 1,478,000
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$77.31 -2.52%
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4/20/2015
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$73.53
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PP = $73.63
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MB = $77.31
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Most Recent Note - 5/4/2015 5:35:35 PM
G - Posted a gain today on light volume. Reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), a fundamental flaw making it a less favorable buy candidate. Churned heavy volume last week while retreating from its 52-week high. Prior reports cautioned - "It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch."
>>> 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
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AMBA
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NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$72.52
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-2.88
-3.82% |
$75.14
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1,018,145 61.19% of 50 DAV
50 DAV is 1,664,000
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$77.80 -6.79%
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5/1/2015
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$75.99
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PP = $77.49
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MB = $81.36
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Most Recent Note - 5/5/2015 6:01:32 PM
Y - Pulled back today, and it reversed into the red on the prior session after touching a new 52-week high. Highlighted in yellow and pivot point is cited based on its 3/31/15 high plus 10 cents. Subsequent volume-driven gains may trigger a new (or add-on) technical buy signal. Found support when recently consolidating above its 50 DMA line ($70.29) defining important near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior Base - 4/20/2015
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C
A N
S L
I M
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APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
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$53.33
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-0.50
-0.93% |
$54.19
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242,768 102.43% of 50 DAV
50 DAV is 237,000
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$55.36 -3.67%
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4/9/2015
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$49.58
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PP = $48.13
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MB = $50.54
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Most Recent Note - 5/1/2015 6:19:44 PM
G - Up today with below average volume for a best-ever close, getting more extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Its All-Time High, Extended From Prior Base - 5/5/2015
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C
A N
S L
I M
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EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$65.80
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-1.38
-2.05% |
$67.16
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375,041 88.87% of 50 DAV
50 DAV is 422,000
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$70.49 -6.65%
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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 - 5/1/2015 6:18:03 PM
G - Color code was changed to green after a gain on higher volume today and it closed just above its "max buy" level. Prior highs in the $63.50 area define near-term support above its 50 DMA line ($62.53).
>>> FEATURED STOCK ARTICLE : Consolidating Following Latest Volume-Driven Breakout - 4/28/2015
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C
A N
S L
I M
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FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
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$154.64
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-1.82
-1.16% |
$157.18
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754,248 130.95% of 50 DAV
50 DAV is 576,000
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$165.67 -6.66%
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5/1/2015
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$155.23
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PP = $160.50
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MB = $168.53
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Most Recent Note - 5/1/2015 6:14:25 PM
Y - Color code was changed to yellow while testing support at its 50 DMA line ($154.71) with today's volume-driven loss. Technically it broke out on 4/23/15 with a volume-driven gain for new highs, and healthy stocks rarely fall more than -7% below their pivot point in favorable market environments. Reported earnings +29% on +64% sales revenues for the Mar '15 quarter. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average Line - 5/1/2015
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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 |
GSBC
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NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
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$38.71
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-0.55
-1.40% |
$39.13
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26,128 76.85% of 50 DAV
50 DAV is 34,000
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$41.41 -6.52%
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4/27/2015
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$40.94
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PP = $40.54
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MB = $42.57
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Most Recent Note - 5/1/2015 6:26:00 PM
Y - Finished near the session low today with a 3rd consecutive loss. Its slump below its pivot point raised concerns. Triggered a technical buy signal on 4/28/15 with a gain above its pivot point backed by +47% above average volume. Its 50 DMA line ($38.50) defines near-term support. Disciplined investors always limit losses if a stock falls more than -7% from their purchase price. Annual earnings (A criteria) have not been strong and steady.
>>> FEATURED STOCK ARTICLE : Distributional Action Today and Annual Earnings History a Concerrn - 4/27/2015
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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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$163.49
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-6.01
-3.55% |
$169.06
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512,216 188.31% of 50 DAV
50 DAV is 272,000
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$174.83 -6.49%
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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 - 5/5/2015 6:03:56 PM
G - Damaging loss today with above average volume violated its 50 DMA line triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Found Support Again at 50-Day Moving Average Line - 4/24/2015
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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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$97.44
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-2.69
-2.69% |
$100.14
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2,936,669 80.30% of 50 DAV
50 DAV is 3,657,000
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$108.50 -10.19%
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4/15/2015
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$100.75
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PP = $108.60
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MB = $114.03
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Most Recent Note - 5/4/2015 5:39:19 PM
Y - Down on lighter volume today, still finishing above its 50 DMA line. Faces overhead supply up through the $108 level which may act as resistance. Recent lows near $93.50 and its $93.05 low on 3/26/15 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals.
>>> 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
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
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$147.03
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-5.74
-3.76% |
$151.67
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1,562,091 107.21% of 50 DAV
50 DAV is 1,457,000
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$158.24 -7.08%
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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 - 5/5/2015 6:07:51 PM
Y - Slumped below prior highs in the $150 area, testing near important support at its 50 DMA line ($145.43). Volume totals have been below average while consolidating since triggering a new technical buy signal with a volume-driven gain on 4/21/15. Subsequent damaging losses below the 50 DMA line may trigger a technical sell signal.
>>> 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
|
$37.03
|
-18.05
-32.77% |
$41.99
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9,892,648 2,248.33% of 50 DAV
50 DAV is 440,000
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$55.47 -33.24%
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4/8/2015
|
$52.04
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PP = $50.10
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MB = $52.61
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Most Recent Note - 5/5/2015 10:17:45 AM
G - Reported Mar '15 earnings +200% on +23% sales revenues but gave disappointing guidance. Gapped down today, violating its 50 DMA line and undercutting prior lows with a damaging volume-driven loss, triggering technical sell signals.
>>> FEATURED STOCK ARTICLE : Quiet Consolidation Within 5% of Prior Pivot Point - 4/29/2015
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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 |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
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$94.63
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-4.48
-4.52% |
$98.74
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4,775,994 99.00% of 50 DAV
50 DAV is 4,824,000
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$102.77 -7.92%
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5/1/2015
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$97.51
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PP = $102.87
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MB = $108.01
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Most Recent Note - 5/5/2015 6:06:23 PM
Y - Sputtered to a close just below its 50 DMA line ($95.08) while building on a riskier "late-stage" base pattern and its color code is changed to green. Subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal. Reported earnings +85% on +58% sales revenues for the Mar '15 quarter, continuing its streak of quarterly comparisons with earnings well above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Prompt Support at 50-Day Moving Average Line - 5/4/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$219.24
|
-3.62
-1.62% |
$224.53
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2,021,024 61.73% of 50 DAV
50 DAV is 3,274,000
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$227.76 -3.74%
|
1/5/2015
|
$144.84
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PP = $149.90
|
MB = $157.40
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Most Recent Note - 5/4/2015 5:40:27 PM
G - Paused at all-time highs after 4 consecutive volume-driven gains. Found prompt support its 50 DMA line recently but it did not form a sound base. Completed a new Public Offering on 3/17/15. Reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Perched at All-Time High But Concerns Remain After Sub Par Quarter - 4/14/2015
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C
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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