FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, January 7th, 2015

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AFTER MARKET UPDATE - WEDNESDAY, JANUARY 7TH, 2015

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Indices				NYSE			Nasdaq
DOW	+212.88	17,584.52	+1.23%	Volume	757,568,380	-17%	Volume	1,822,815,290	-8%
NASDAQ	+57.73	4,650.47	+1.26%	Advancers	2,381	74%	Advancers	1,958	67%
S&P 500	+23.29	2,025.90	+1.16%	Decliners	736	23%	Decliners	883	30%
Russell 2000	+14.66	1,175.97	+1.26%	52 Wk Highs	214		52 Wk Highs	57
S&P 600	+7.08	675.27	+1.06%	52 Wk Lows	78		52 Wk Lows	66

Major Averages Rose With Less Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major averages staged a comeback on Wednesday. The Dow rose 212 points to 17,584. The S&P 500 gained 23 points to 2,025, snapping a five-day losing streak. The NASDAQ Composite advanced 57 points to 4,650. However, the volume totals on the NYSE and on the Nasdaq exchange were lighter than the prior session, a sign of lackluster buying demand from the institutional crowd. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and more than a 2-1 margin on the Nasdaq exchange. There were 36 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 16 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE while new lows outnumbered new highs on the Nasdaq exchange. There were gains for 11 of the 13 high-ranked companies currently on the Featured Stocks Page, a list that has recently been getting trimmed.

The Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite Index collectively violated their respective 50-day moving average (DMA) lines on Monday coupled with waning leadership. The change in behavior earned the market (M criteria) the label of a "correction" again. New buying efforts should not be made in stocks, even if meeting all fundamental and technical guidelines of the fact-based investment system, until the broader market shows renewed strength with a convincing follow-through day from at least one of the major averages.

PICTURED: The Dow Jones Industrial Average rebounded near its 50-day moving average (DMA) line.

Investors returned to risk assets thanks to better-than-expected employment data. Ahead of Friday's non-farm payrolls report, ADP said companies added 241,000 jobs last month, the most since June and bested expectations for an increase of 225,000. The Fed was also in focus. Minutes from the December FOMC meeting confirmed that the majority of policy officials agree that the central bank will be "patient" in determining when to raise its key interest rates, but expressed some concern over economic issues abroad.

Nine of the 10 sectors in the S&P 500 advanced. Biogen (BIIB +5.2%) rose while health care and consumer stocks were the best performing groups. J.C. Penney (JCP +20%) spiked higher after posting a 3.7% increase in same-store sales during the crucial holiday shopping season. Financials and materials also helped lift the market. American Express (AXP +2%) and Alcoa (AA +2.2%) rose. The more defensive telecom sector lagged behind, led by Verizon (VZ +0.6%).

Treasuries snapped an eight-day winning streak. The 10-year note fell 5/32 to yield 1.96%. The 30-year bond declined 14/32 to yield 2.52%.

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.

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.

Retail, Financial, and Tech Groups Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Biotechnology Index ($BTK +3.01%) led the tech sector higher while the Semiconductor Index ($SOX +0.98%) and the Networking Index ($NWX +0.83%) posted smaller gains. The Retail Index ($RLX +2.13%) was a positive influence on the major averages while the Bank Index ($BKX +0.86%) and the Broker/Dealer Index ($XBD +1.24%) also rose. Energy-related shares were mixed as the Integrated Oil Index ($XOI +0.82%) rose and the Oil Services Index ($OSX -0.45%) fell. The Gold & Silver Index ($XAU -1.62%) also lost ground.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +0.98%) rebounded near its 50-day moving average (DMA) line, finding support near prior highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	199.18	-0.91	-0.45%	-5.54%
Integrated Oil	$XOI	1,279.85	+10.45	+0.82%	-5.06%
Semiconductor	$SOX	665.27	+6.44	+0.98%	-3.14%
Networking	$NWX	347.21	+2.84	+0.83%	-3.00%
Broker/Dealer	$XBD	178.80	+2.19	+1.24%	-3.16%
Retail	$RLX	1,018.27	+21.22	+2.13%	-1.40%
Gold & Silver	$XAU	74.61	-1.23	-1.62%	+8.48%
Bank	$BKX	70.56	+0.60	+0.86%	-4.98%
Biotech	$BTK	3,512.55	+102.61	+3.01%	+2.14%

Strong Finish Triggered a Technical Buy Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Ambarella Corporation (AMBA +7.12 or +13.46% to $60.00) finished strong today after highlighted in yellow in the mid-day report (read here) with pivot point cited based on its 12/04/14 high plus 10 cents. The gain above its pivot point for a new high was backed by +105% above average volume triggering a convincing technical buy signal. However, members are reminded that recent market commentaries have pointed out the broader market's downturn as a "correction", and new buying efforts are only to be made when the market is in a confirmed uptrend.

AMBA found support at its 50-day moving average (DMA) line while consolidating in recent weeks. It was noted in prior mid-day reports - "Fundamentals are a better match with the fact-based investment system after it reported earnings +84% on +43% sales revenues for the Oct '14 quarter. Recent quarterly comparisons show improvement above the +25% minimum earnings guideline (C criteria) with sales revenues showing encouraging acceleration. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead."

The high-ranked Electronics - Semiconductor firm was last shown in this FSU section on 8/13/13 with an annotated graph under the headline, "50-Day Moving Average Recently Acted As Resistance ". Members were reminded - "Keep in mind that any stock that is sold can always be bought again if strength returns. Disciplined investors do not make excuses for any stock that falls more than -7% from their purchase price. Investors could have better odds by pouncing on another stock staging a fresh and powerful technical breakout, rather than holding on to any lagging stock trading below its 50 DMA line. The longer a stock remains trading below its 50 DMA line the worse its outlook gets, and it may meanwhile be prone to an even deeper consolidation."

The number of top-rated funds owning its shares rise from 51 in Dec '12 to 213 in Dec '14, a reassuring indication concerning the I criteria. 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.

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	$265.23	+10.06 3.94%	$267.97	4,392,008 145.48% of 50 DAV 50 DAV is 3,019,000	$272.75 -2.76%	12/29/2014	$260.22	PP = $272.85
								MB = $286.49
Most Recent Note - 1/7/2015 7:50:15 PM Y - Tallied a volume-driven gain today while rallying from support at its 50 DMA line. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Formed New Base Above Prior Highs and 50-Day Moving Average - 12/29/2014 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
AFSI - NASDAQ Amtrust Financial Svcs INSURANCE - Property and; Casualty Insurance	$54.00	+0.72 1.35%	$54.09	670,287 66.23% of 50 DAV 50 DAV is 1,012,000	$59.31 -8.95%	10/17/2014	$45.24	PP = $46.02
								MB = $48.32
Most Recent Note - 1/5/2015 7:09:26 PM G - Fell near prior highs in the $53 area and its 50 DMA line ($52.73). More damaging losses would raise greater concerns. >>> 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 \| Request a new note C A N S L I M
ALXN - NASDAQ Alexion Pharmaceuticals DRUGS - Drug Manufacturers - Other	$187.93	+9.98 5.61%	$188.61	1,642,191 155.36% of 50 DAV 50 DAV is 1,057,000	$203.30 -7.56%	10/23/2014	$184.01	PP = $185.53
								MB = $194.81
Most Recent Note - 1/7/2015 7:48:20 PM G - Volume-driven gain today helped it rebound near its 50 DMA line ($190.43) which may act as resistance. The recent low ($176.01 on 12/17/14) acted as a support level. Faces resistance due to overhead supply up through the $203 level. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Resistance After Damaging Losses - 1/2/2015 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
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$60.00	+7.12 13.46%	$60.00	4,011,425 205.50% of 50 DAV 50 DAV is 1,952,000	$58.00 3.45%	1/7/2015	$54.96	PP = $58.10
								MB = $61.01
Most Recent Note - 1/7/2015 7:45:41 PM Y - Finished strong after highlighted in yellow with pivot point cited based on its 12/04/14 high plus 10 cents in the earlier mid-day report (read here). The volume-driven gains above the pivot point triggered a technical buy signal, however new buying efforts are discouraged under the fact-based investment system until more convincing strength returns to the broader market (M criteria). See the latest FSU analysis for more details and new annotated graphs >>> FEATURED STOCK ARTICLE : Strong Finish Triggered a Technical Buy Signal - 1/7/2015 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
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$224.35	+4.17 1.89%	$227.00	2,280,656 70.94% of 50 DAV 50 DAV is 3,215,000	$251.99 -10.97%	10/30/2014	$234.08	PP = $231.51
								MB = $243.09
Most Recent Note - 1/2/2015 6:14:27 PM G - Color code is changed to green while slumping below its 50 DMA line with higher (near average) volume. Recent lows in the $217-218 area define important near-term support where subsequent losses would raise more serious concerns. >>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 12/19/2014 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
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
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$47.29	+1.00 2.16%	$47.56	254,396 57.82% of 50 DAV 50 DAV is 440,000	$52.89 -10.59%	10/23/2014	$45.21	PP = $46.09
								MB = $48.39
Most Recent Note - 1/2/2015 6:17:28 PM G - Slumped further below its 50 DMA line today raising concerns with higher (near average) volume. Subsequent losses below its recent low close ($46.24 on 12/16/14) would raise concerns and trigger a more worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average - 12/31/2014 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
FB - NASDAQ Facebook Inc Cl A INTERNET	$76.15	+0.00 0.00%	$77.36	22,038,683 75.05% of 50 DAV 50 DAV is 29,365,000	$82.17 -7.33%	12/22/2014	$81.79	PP = $81.26
								MB = $85.32
Most Recent Note - 1/5/2015 7:15:07 PM Y - Pulled back today on higher but below average volume, retreating near its 50 DMA line ($76.69). Little resistance remains due to overhead supply up through the $82 level, however, convincing volume-driven gains above the pivot point are needed to clinch a proper new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Gains for New Highs Backed By Lighter Volume - 12/22/2014 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
ILMN - NASDAQ Illumina Inc DRUGS - Biotechnology	$194.92	+6.61 3.51%	$197.00	2,363,106 231.00% of 50 DAV 50 DAV is 1,023,000	$197.37 -1.24%	12/30/2014	$186.26	PP = $196.00
								MB = $205.80
Most Recent Note - 1/7/2015 7:52:24 PM Y - Rallied with above average volume today for a best-ever close. Still working on a "double bottom" base. Subsequent volume-driven gains above the pivot point cited may trigger a new (or add-on) technical buy signal. Faces very little resistance due to overhead supply up through $197. >>> FEATURED STOCK ARTICLE : Forming New Base And Fundamentals Remain Favorable - 12/30/2014 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
NXPI - NASDAQ Nxp Semiconductors N V ELECTRONICS - Semiconductor - Broad Line	$74.33	+1.95 2.69%	$74.98	2,712,940 88.63% of 50 DAV 50 DAV is 3,061,000	$78.34 -5.12%	1/5/2015	$76.43	PP = $78.44
								MB = $82.36
Most Recent Note - 1/6/2015 1:05:27 PM G - Slumping below its 50 DMA line today amid widespread weakness in the broader market (M criteria) and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve. Highlighted in yellow with pivot point based on its 11/28/14 high plus 10 cents in the 1/05/15 mid-day report (read here). Subsequent volume-driven gains above the pivot point may trigger a new technical buy signal. See the latest FSU analysis for more details and annotated graphs. >>> FEATURED STOCK ARTICLE : Little Resistance Remains Due to Overhead Supply - 1/5/2015 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
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$125.53	+3.68 3.02%	$126.97	1,263,830 84.48% of 50 DAV 50 DAV is 1,496,000	$128.20 -2.08%	7/30/2014	$84.21	PP = $85.88
								MB = $90.17
Most Recent Note - 1/7/2015 7:53:14 PM G - Gapped up today and posted a gain on below average volume. Prior reports cautioned members - "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 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
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
RH - NYSE Restoration Hardware Hld RETAIL - Home Furnishing Stores	$93.69	+1.78 1.94%	$94.19	670,749 73.63% of 50 DAV 50 DAV is 911,000	$100.66 -6.92%	12/11/2014	$98.66	PP = $94.60
								MB = $99.33
Most Recent Note - 1/6/2015 1:08:35 PM Y - Pulling back from its high to a 3-week low. Prior reports cautioned members - "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 : Consolidating Above Prior Highs With Volume Totals Cooling - 12/26/2014 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
UIHC - NASDAQ United Insurance Holding Insurance-Prop/Cas/Titl	$21.02	-0.13 -0.61%	$21.43	109,684 49.63% of 50 DAV 50 DAV is 221,000	$22.44 -6.33%	12/5/2014	$20.64	PP = $20.31
								MB = $21.33
Most Recent Note - 1/2/2015 12:53:36 PM Y - Touched a new 52-week high today but reversed early gains. Color code is changed to yellow after retreating below its "max buy" level. Prior highs and its 50 DMA line ($19.55) define near-term support to watch. >>> FEATURED STOCK ARTICLE : Recent Streak of Gains Lacked Volume Conviction - 12/23/2014 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$145.12	+2.29 1.60%	$147.31	2,214,315 106.56% of 50 DAV 50 DAV is 2,078,000	$153.10 -5.21%	1/5/2015	$144.84	PP = $149.90
								MB = $157.40
Most Recent Note - 1/6/2015 6:40:40 PM Y - Fundamentals remain strong with earnings above the +25% minimum guideline (C criteria) through the Sep '14 quarter. Highlighted in yellow in the 1/05/15 mid-day report with new pivot point cited based on the 12/22/14 high while building a cup-with-handle base. Subsequent volume-driven gains above the pivot point may trigger a new technical buy signal. Faces little resistance due to overhead supply up through the $153 level. Went through a deep consolidation below its 200 DMA line then rebounded since dropped from the Featured Stocks list on 4/04/14. See the latest FSU analysis for more details and a new annotated daily graph. >>> FEATURED STOCK ARTICLE : Formed a Big Cup-With-Handle Base Setup - 1/6/2015 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

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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