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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 24TH, 2014
Previous After Market Report Next After Market Report >>>
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DOW |
+6.04 |
18,030.21 |
+0.03% |
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Volume |
340,311,900 |
-50% |
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Volume |
674,494,560 |
-54% |
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NASDAQ |
+8.05 |
4,773.47 |
+0.17% |
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Advancers |
1,459 |
47% |
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Advancers |
1,555 |
56% |
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S&P 500 |
-0.29 |
2,081.88 |
-0.01% |
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Decliners |
1,552 |
50% |
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Decliners |
1,099 |
40% |
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Russell 2000 |
+4.35 |
1,206.79 |
+0.36% |
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52 Wk Highs |
212 |
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52 Wk Highs |
93 |
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S&P 600 |
+1.49 |
695.08 |
+0.21% |
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52 Wk Lows |
24 |
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52 Wk Lows |
23 |
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Major Averages Held Ground Near Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Wednesday's holiday shortened session the Dow rose 6 points to a record level of 18,030. The S&P 500 slipped less than a point off its all-time high to 2,081. The NASDAQ Composite advanced 8 points to 4,773. The volume was obviously much lighter on the NYSE and on the Nasdaq exchange, down from Tuesday's totals. Advancers led decliners by a 3-2 margin on the Nasdaq exchange while the mix was slightly negative on the NYSE. There were 73 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 120 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There gains for 5 of the 10 high-ranked companies currently on the Featured Stocks Page, a list that has recently been getting trimmed.
New highs for the Dow Jones Industrial Average and S&P 500 Index, coupled with more leadership, signaled that the market (M criteria) is back in a confirmed uptrend. Remember that new buying efforts should only be made in stocks meeting all fundamental and technical guidelines of the fact-based investment system.
PICTURED: The S&P 500 Index slipped less than a point off its all-time high to 2,081.
The major averages were mostly higher amid continued optimism surrounding the U.S. economy. Tuesday, the Dow broke above 18,000 for the first time after the Commerce Department reported third-quarter GDP grew at a 5% annualized rate, its fastest pace in 11 years. Weekly jobless claims unexpectedly fell 9,000 to 280,000.
Utilities were the best performing group on the session led by Duke Energy (DUK +1.3%). Biotech recovered from its recent weakness to pace health care higher. Gilead Sciences (GILD +2.1%) and Celgene (CELG +3.3%) rose. Energy was down the most as oil resumed its decline. Shares of EOG Resources (EOG -2.5%) and Exxon (XOM -0.9%) slid.
Treasuries pared losses heading into the bond market's early close at 2PM. The benchmark 10-year was up 2/32 to yield 2.25% after a fresh $29 billion 7-year note auction drew strong foreign demand. In commodities, NYMEX WTI crude fell -3.1% to $55.33/barrel. COMEX gold futures were down 0.4% to $1173.50/ounce amid continued dollar strength.
Disciplined investors know that new buying efforts should only be made in stocks when all fundamental and technical guidelines are met. This should be done as the stock is breaking out of a sound base pattern. Historic studies have shown that odds are not as favorable for investors when buying stocks on pullbacks.
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 Sector and Gold & Silver Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Biotechnology Index ($BTK +1.47%) rebounded and led the tech sector higher while the Semiconductor Index ($SOX +0.15%) and the Networking Index ($NWX +0.36%) both posted smaller gains. The Gold & Silver Index ($XAU +2.72%) was a standout gainer. Meanwhile, the Retail Index ($RLX -0.33%) edged lower and weighed on the major averages along with financial shares as the Broker/Dealer Index ($XBD -0.19%) and the Bank Index ($BKX -0.16%) both edged lower. Energy-related shares had a negative bias as the Integrated Oil Index ($XOI -0.92%) and the Oil Services Index ($OSX -0.76%) lost ground.
Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX +0.36%) is perched near its 2014 high. Its 50-day moving average (DMA) line recently crossed above its 200 DMA line.
| Oil Services |
$OSX |
213.25 |
-1.64 |
-0.76% |
-24.12% |
| Integrated Oil |
$XOI |
1,363.83 |
-12.67 |
-0.92% |
-9.27% |
| Semiconductor |
$SOX |
696.35 |
+1.03 |
+0.15% |
+30.15% |
| Networking |
$NWX |
364.42 |
+1.31 |
+0.36% |
+12.49% |
| Broker/Dealer |
$XBD |
186.62 |
-0.35 |
-0.19% |
+16.23% |
| Retail |
$RLX |
1,022.06 |
-3.41 |
-0.33% |
+8.75% |
| Gold & Silver |
$XAU |
66.58 |
+1.76 |
+2.72% |
-20.88% |
| Bank |
$BKX |
74.83 |
-0.12 |
-0.16% |
+8.04% |
| Biotech |
$BTK |
3,401.51 |
+49.44 |
+1.47% |
+45.96% |
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Finding Support Near Prior Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Amtrust Financial Services' (AFSI -$0.05 or -0.09% to $54.21) is consolidating near prior highs in the $53 area defining initial support above its 50-day moving average (DMA) line ($51.63). The high-ranked Insurance - Property/Casualty/Title firm was last shown in this FSU section on 12/24/14 with annotated graphs under the headline, "Extended From Sound Base Pattern Identified Earlier". It faces no resistance due to overhead supply. AFSI was highlighted in yellow with new pivot point cited based on its 8/07/14 high in the 10/17/14 mid-day report (read here) and subsequent volume-driven gains above the pivot point triggered a technical buy signal.
The number of top-rated funds owning an interest rose from 349 in Mar '14 to 410 in Sep '14, a reassuring sign concerning the I criteria. It reported earnings +105% on +47% sales revenues for the quarter ended Sep '14 quarter versus the year ago period, its 9th consecutive comparison above the +25% minimum earnings guideline (C criteria). It has a great annual earnings (A criteria) history and it has earned an impressive 98 Earnings Per Share rating, well above the 80+ minimum rating for buy candidates. Its Relative Strength Rating is currently 97, above the 80+ minimum guideline for buy candidates.
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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 |
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Max Buy |
ACT
-
NYSE
Actavis plc
Medical-Generic Drugs
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$254.20
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-1.68
-0.66% |
$258.66
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1,169,071
36.77% of 50 DAV
50 DAV is 3,179,000
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$272.75
-6.80%
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6/20/2014
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$216.53
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PP = $230.87
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MB = $242.41
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Most Recent Note - 12/22/2014 6:07:58 PM
G - Pulled back on lighter volume today following 3 consecutive gains on higher volume. Extended from prior highs in the $249 area defining near-term support.
>>> FEATURED STOCK ARTICLE : Consolidating After Rally on Acquisition Plans - 12/12/2014
View all notes |
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CANSLIM.net Company Profile |
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Chart |
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C
A N
S L
I M
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AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$54.21
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-0.05
-0.09% |
$54.63
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231,816
21.06% of 50 DAV
50 DAV is 1,101,000
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$59.31
-8.60%
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10/17/2014
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$45.24
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PP = $46.02
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MB = $48.32
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Most Recent Note - 12/24/2014 2:42:28 PM
G - Finding support near prior highs in the $53 area defining initial support above its 50 DMA line. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs - 12/24/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
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C
A N
S L
I M
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ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$181.96
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+3.09
1.73% |
$185.78
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433,354
37.39% of 50 DAV
50 DAV is 1,159,000
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$203.30
-10.50%
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10/23/2014
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$184.01
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PP = $185.53
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MB = $194.81
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Most Recent Note - 12/23/2014 12:13:53 PM
G - Slumping back below its 50 DMA line today. The recent low ($176.01 on 12/17/14) defines the next important support level. It faces resistance due to overhead supply up through $203. Disciplined investors limit losses by selling if any stock falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Recent 50-Day Moving Average Violation Triggered Sell Signal - 12/17/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
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C
A N
S L
I M
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BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$230.98
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-2.18
-0.93% |
$233.66
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944,752
26.89% of 50 DAV
50 DAV is 3,513,000
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$251.99
-8.34%
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10/30/2014
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$234.08
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PP = $231.51
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MB = $243.09
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Most Recent Note - 12/23/2014 7:02:49 PM
Y - Color code is changed to yellow while quietly consolidating. Recent lows in the $217-218 area define important near-term support following its quiet rebound above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 12/19/2014
View all notes |
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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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$48.84
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+0.33
0.68% |
$49.00
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117,936
26.03% of 50 DAV
50 DAV is 453,000
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$52.89
-7.66%
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10/23/2014
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$45.21
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PP = $46.09
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MB = $48.39
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Most Recent Note - 12/22/2014 6:10:59 PM
G - Consolidating just above its 50 DMA line. Prior highs in the $46 area acted as support last week. Subsequent losses below recent lows would raise concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Violated 50-Day Moving Average Triggering Technical Sell Signal - 12/16/2014
View all notes |
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CANSLIM.net Company Profile |
SEC
News |
Chart |
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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
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$80.77
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+0.16
0.20% |
$81.43
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7,645,353
22.29% of 50 DAV
50 DAV is 34,299,000
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$82.17
-1.70%
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12/22/2014
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$81.79
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PP = $81.26
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MB = $85.32
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Most Recent Note - 12/22/2014 6:04:56 PM
Y - A new pivot point was cited based on its 10/28/14 high plus 10 cents. It hit a new high with today's 4th consecutive gain and no resistance remains due to overhead supply. Volume-driven gains are needed to clinch a proper technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Gains for New Highs Backed By Lighter Volume - 12/22/2014
View all notes |
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CANSLIM.net Company Profile |
SEC
News |
Chart |
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$186.22
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+2.72
1.48% |
$188.88
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378,359
30.71% of 50 DAV
50 DAV is 1,232,000
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$197.37
-5.65%
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10/22/2014
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$188.77
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PP = $182.27
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MB = $191.38
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Most Recent Note - 12/23/2014 6:54:59 PM
G - Ended below its 50 DMA line ($184.61) and near the session low with today's loss on below average volume. Only a prompt rebound above the 50 DMA line would help its outlook improve. Meanwhile it faces some resistance due to overhead supply up through $197.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Average Triggered Technical Sell Signal - 12/15/2014
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$125.99
|
+0.77
0.61% |
$127.56
|
357,687
21.14% of 50 DAV
50 DAV is 1,692,000
|
$128.00
-1.57%
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7/30/2014
|
$84.21
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PP = $85.88
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MB = $90.17
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Most Recent Note - 12/23/2014 6:59:08 PM
G - Pulled back today on lighter volume following 4 consecutive gains. It has not formed a sound base. The 50 DMA line defines near-term support to watch below recent lows.
>>> FEATURED STOCK ARTICLE : Latest Consolidation Was Not a Base of Sufficient Length - 12/18/2014
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C
A N
S L
I M
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$96.97
|
-0.16
-0.16% |
$98.74
|
321,655
33.40% of 50 DAV
50 DAV is 963,000
|
$100.66
-3.67%
|
12/11/2014
|
$98.66
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PP = $94.60
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MB = $99.33
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Most Recent Note - 12/23/2014 7:01:03 PM
Y - Color code is changed to yellow while quietly consolidating below its "max buy" level. Subsequent losses leading to a close below its old high close ($93.05 on 6/30/14) would completely negate the recent breakout and raise concerns.
>>> FEATURED STOCK ARTICLE : Close in Lower Third of Intra-day Range Indicates Disributional Pressure - 12/11/2014
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
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$21.47
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-0.55
-2.50% |
$22.27
|
96,507
40.04% of 50 DAV
50 DAV is 241,000
|
$22.41
-4.19%
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12/5/2014
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$20.64
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PP = $20.31
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MB = $21.33
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Most Recent Note - 12/23/2014 6:52:10 PM
G - Rose further above its "max buy" level as it posted a 7th consecutive gain. Disciplined investors avoid chasing stocks more than +5% above prior highs and always limit losses by selling any stock that falls more than -7% from its purchase price. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Recent Streak of Gains Lacked Volume Conviction - 12/23/2014
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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 |
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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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