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AFTER MARKET UPDATE - MONDAY, MAY 11TH, 2015
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Indices NYSE Nasdaq
DOW  -85.94 18,105.17 -0.47% Volume 680,091,620 -10% Volume 1,598,666,360 -13%
NASDAQ -9.98 4,993.57 -0.20% Advancers 1,115 34% Advancers 1,456 51%
S&P 500 -10.77 2,105.33 -0.51% Decliners 2,038 63% Decliners 1,316 46%
Russell 2000 +0.90 1,235.83 +0.07% 52 Wk Highs 60   52 Wk Highs 70  
S&P 600 +0.74 711.12 +0.10% 52 Wk Lows 28   52 Wk Lows 42  

Small Caps Rose Again as 3 Major Averages Fell

The small cap indexes again posted gains while the 3 major averages finished lower on Monday. The S&P lost 11 points to 2105. The NASDAQ slipped 11 points to 4,993.  The volume totals were reported lighter than the prior session totals on the Nasdaq exchange and on the NYSE. Decliners led advancers by nearly a 2-1 margin on the NYSE while advances narrowly led decliners on the Nasdaq exchange.  There were 45 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 49 stocks. New 52-week highs contracted yet still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 4 of the 11 high-ranked companies currently on the Featured Stocks Page.

Concerning the M criteria, according to the newspaper the market earned the label of being in a "correction" following Wednesday's action - due to distributional action in the major indices and waning leadership (fewer stocks hitting new 52-week highs). New buying efforts should be avoided until a new confirmed rally with a follow-through day under the guidelines the fact-based investment system.

 

PICTURED: The Dow dropped 86 points to close at 18,105, consolidating above its 50-day moving average (DMA) line and finishing -1% off its all-time high.

The major averages lost ground after approaching all-time highs at the end of last week. Domestic stocks were hurt by falling oil prices while international bond markets traded lower on worries surrounding the Greek debt negotiations.

All 10 S&P 500 sectors traded lower on Monday's session. Energy experienced the sharpest decline, down more than -2%, as oil prices fell. Exxon (XOM -1.68%) fell, and Noble Energy (NBL -6.21%) fell harder after reaching a deal to buy Rosetta Resources (ROSE +27.19%) for $2.1 billion.

On the earnings front, Actavis (ACT +3.05%) rose after posting positive results. Dean Foods (DF +6.5%) rose after profits beat analyst expectations. In other news, shares of Monster Beverage (MNST +4.31%) rose following an analyst upgrade.

The bond market saw a selloff on fears of an impasse in Greek debt negotiations. Treasuries had the largest one-day slide in two months, with the ten-year note dropping a point and 5/32 to yield 2.28%.

Commodities traded mostly lower on the day. NYMEX WTI crude was down 0.3% to $59.23/barrel. COMEX gold lost 0.5% to $1183.00/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.


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.


Broker/Dealer Index and Networking Index Led Group Gainers

The Broker/Dealer Index ($XBD +0.83%) was a positive influence on the major averages on Monday while the Bank Index ($BKX +0.12%) inched higher. The Networking Index ($NWX +0.60%) led the tech sector higher while the Semiconductor Index ($SOX +0.03%) and the Biotechnology Index ($BTK +0.03%) both finished flat. The Retail Index ($RLX -0.26%) finished with small loss. The Gold & Silver Index ($XAU +0.43%) edged higher, meanwhile, weakness in energy-related shares pressured the Integrated Oil Index ($XOI -2.15%) and the Oil Services Index ($OSX -1.62%).

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.83%) rallied for new highs.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  219.17 -3.62 -1.62% +3.94%
Integrated Oil $XOI  1,379.54 -30.38 -2.15% +2.33%
Semiconductor $SOX  702.31 +0.18 +0.03% +2.25%
Networking $NWX  386.74 +2.30 +0.60% +8.05%
Broker/Dealer $XBD  194.15 +1.59 +0.83% +5.15%
Retail $RLX  1,150.21 -2.97 -0.26% +11.38%
Gold & Silver $XAU  72.78 +0.31 +0.43% +5.82%
Bank $BKX  75.18 +0.09 +0.12% +1.24%
Biotech $BTK  3,991.70 +1.31 +0.03% +16.07%


Found Support at 50-Day Moving Average During Ongoing Ascent

Palo Alto Networks (PANW +$0.72 or +0.48% to $151.82) found support at its 50-day moving average (DMA) line ($146.08) recently. That important short-term average has acted as support throughout its ongoing advance. The volume totals have been below average while consolidating, however it has made little headway 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. Keep in mind that 3 out of 4 stocks follow the direction of the broader market averages (M criteria).

The Computer Software - Security firm was last shown in this FSU section with annotated graphs on 4/17/15 under the headline, " Consolidating Above 50-Day Moving Average Line". 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.

The number of top-rated funds owning its shares rose from 246 in Jun '13 to 700 in Mar '15, 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. 

 


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 - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services  
$76.43 +1.19
1.58%

$76.62

0
0.00% of 50 DAV
50 DAV is 1,491,000
$77.31
-1.14%
4/20/2015 $73.53 PP = $73.63
MB = $77.31
Most Recent Note - 5/6/2015 6:46:00 PM
G - 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. See the latest FSU analysis for more details and new annotated graphs. 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 : Fundamental Flaw Arose After Sub Par Earnings News - 5/6/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$72.07 -1.21
-1.65%

$74.55

0
0.00% of 50 DAV
50 DAV is 1,603,000
$77.80
-7.37%
5/1/2015 $75.99 PP = $77.49
MB = $81.36
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
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials  
$53.70 -0.10
-0.19%

$55.15

0
0.00% of 50 DAV
50 DAV is 243,000
$55.36
-3.00%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 5/6/2015 6:48:30 PM
G - Volume totals have been cooling while consolidating, extended from its prior base. Prior highs in the $48 area and its 50 DMA line coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Its All-Time High, Extended From Prior Base - 5/5/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$65.60 +0.35
0.54%

$66.99

0
0.00% of 50 DAV
50 DAV is 440,000
$70.49
-6.94%
3/27/2015 $61.97 PP = $63.60
MB = $66.78
Most Recent Note - 5/7/2015 9:01:51 PM
G - Undercut its 50 DMA line today then found prompt support and rebounded to finish in the upper third of its intra-day trading range.
>>> FEATURED STOCK ARTICLE : Consolidating Following Latest Volume-Driven Breakout - 4/28/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$154.82 +1.46
0.95%

$155.90

0
0.00% of 50 DAV
50 DAV is 583,400
$165.67
-6.55%
5/1/2015 $155.23 PP = $160.50
MB = $168.53
Most Recent Note - 5/6/2015 10:14:00 AM
G - Color code is changed to green after slumping below support at its 50 DMA line ($154.73) with today's 4th consecutive loss raising concerns. Only a prompt rebound above the 50 DMA line would help its outlook improve. 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.
>>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average Line - 5/1/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
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 - NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans  
$39.02 +0.09
0.23%

$39.45

0
0.00% of 50 DAV
50 DAV is 313,000
$41.41
-5.77%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
Most Recent Note - 5/6/2015 6:53:43 PM
Y - Recent slump below its pivot point raised concerns. Pulling back after triggering a technical buy signal on 4/28/15 with a gain above its pivot point backed by +47% above average volume. Consolidating near its 50 DMA line ($38.62) which 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
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$165.10 +2.04
1.25%

$167.03

0
0.00% of 50 DAV
50 DAV is 281,000
$174.83
-5.57%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
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
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$103.98 +3.24
3.22%

$104.80

0
0.00% of 50 DAV
50 DAV is 3,757,000
$108.50
-4.17%
4/15/2015 $100.75 PP = $108.60
MB = $114.03
Most Recent Note - 5/8/2015 6:45:39 PM
Y - Rose further above its 50 DMA line with a gain today on higher volume. Little overhead supply remains up through the $108 level. Recent lows near $93.50 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Rallied Toward Prior Highs Following Earnings News - 5/8/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$151.10 +1.69
1.13%

$152.99

0
0.00% of 50 DAV
50 DAV is 1,439,000
$158.24
-4.51%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
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
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
SWKS - NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir  
$97.71 +0.64
0.66%

$98.50

0
0.00% of 50 DAV
50 DAV is 4,843,000
$102.77
-4.92%
5/1/2015 $97.51 PP = $102.87
MB = $108.01
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
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
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
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$221.88 +3.63
1.66%

$222.67

0
0.00% of 50 DAV
50 DAV is 2,500,000
$227.76
-2.58%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 5/7/2015 8:58:15 PM
G - Perched near 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). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High Following Volume-Driven Gains - 5/7/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup

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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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