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AFTER MARKET UPDATE - WEDNESDAY, JANUARY 14TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-186.59 |
17,427.09 |
-1.06% |
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Volume |
905,735,790 |
+6% |
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Volume |
1,930,718,220 |
-4% |
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NASDAQ |
-22.18 |
4,639.32 |
-0.48% |
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Advancers |
1,234 |
38% |
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Advancers |
1,017 |
32% |
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S&P 500 |
-11.76 |
2,011.27 |
-0.58% |
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Decliners |
1,893 |
59% |
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Decliners |
2,089 |
65% |
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Russell 2000 |
-3.58 |
1,177.06 |
-0.30% |
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52 Wk Highs |
141 |
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52 Wk Highs |
49 |
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S&P 600 |
-2.89 |
677.50 |
-0.42% |
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52 Wk Lows |
222 |
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52 Wk Lows |
141 |
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Major Averages Endured More Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks fell but finished off of session lows on Wednesday. The Dow declined 186 points to 17,427. The S&P 500 lost 11 points to 2,011. The NASDAQ was 22 points lower to 4,639. The volume totals were mixed, higher on the NYSE and lower on the Nasdaq exchange versus the prior session. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and 2-1 on the Nasdaq exchange. There were 25 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 83 stocks. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for 3 of the 13 high-ranked companies currently on the Featured Stocks Page.
The newspaper noted last Thursday's big +1.8% gain from the Nasdaq Composite Index with higher volume as a follow-through day. Regarding the M criteria of the fact-based investment system, the better action suggested that new buying efforts may be carefully made again in stocks meeting all fundamental and technical guidelines.
PICTURED: The Nasdaq Composite Index is slumping below its 50-day moving average (DMA) line toward recent lows.
The major averages trimmed earlier losses following positive economic data and a stabilization in energy prices. Weakness set in after the World Bank lowered its 2015 growth forecasts and December retail sales fell more than expected. However, a positive reading of economic activity from the Fed's Beige Book helped provide a lift to equities. Aiding and abetting was the price of WTI crude, as it rebounded from a six-year low.
At the close, eight of the 10 sectors in the S&P 500 were in negative territory. Freeport McMoRan (FCX -10.9%) on copper price declines. In Financials, JP Morgan Chase & Co (JPM -3.5%) fell after failing to meet quarterly profit projections. Consumer stock results were mixed. Tesla (TSLA -5.7%) fell after Elon Musk announced a slump in Chinese sales; meanwhile, GameStop (GME +10.5%) showed strength attributed to stronger-than-expected holiday sales.
Treasuries climbed, but pared their advance. The benchmark 10-year note gained 15/32 to yield 1.85%.
In commodities action was mixed. WTI crude erased an earlier loss of -1.5% to finish +5.8% higher at $48.52/barrel. On the COMEX copper fell -4.4% lower to $252.80/ton.
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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Financial, Retail, Gold & Silver Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Biotechnology Index ($BTK +0.20%) eked out a small gain while most groups were lower on Wednesday. The Semiconductor Index ($SOX -0.59%) and Networking Index ($NWX -0.34%) both edged lower. The Gold & Silver Index ($XAU -2.68%) was a standout decliner. Energy-related shares were quiet as the Oil Services Index ($OSX -0.14%) Integrated Oil Index ($XOI -0.08%) finished flat. The Broker/Dealer Index ($XBD -2.11%) and the Bank Index ($BKX -1.97%) both fell, having a negative influence on the major averages.
Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX -0.81%) slumped below its 50-day moving average (DMA) line for the first time since October.
| Oil Services |
$OSX |
189.17 |
-0.27 |
-0.14% |
-10.29% |
| Integrated Oil |
$XOI |
1,254.44 |
-1.03 |
-0.08% |
-6.95% |
| Semiconductor |
$SOX |
661.65 |
-3.93 |
-0.59% |
-3.67% |
| Networking |
$NWX |
348.13 |
-1.18 |
-0.34% |
-2.74% |
| Broker/Dealer |
$XBD |
174.06 |
-3.75 |
-2.11% |
-5.73% |
| Retail |
$RLX |
990.65 |
-8.05 |
-0.81% |
-4.07% |
| Gold & Silver |
$XAU |
73.28 |
-2.02 |
-2.68% |
+6.54% |
| Bank |
$BKX |
67.61 |
-1.36 |
-1.97% |
-8.96% |
| Biotech |
$BTK |
3,614.39 |
+7.10 |
+0.20% |
+5.10% |
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Trading Below 50-Day Moving Average Line Hurts Outlook
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Amtrust Financial Services' (AFSI -$0.25 or -0.50% to $50.11) completed a new Public Offering and gapped down on 1/08/15 violating its 50-day moving average (DMA) line with a damaging loss that raised concerns and triggered a technical sell signal. Subsequent gains above its 50 DMA line are needed for its outlook to improve. The longer a stock lingers below its 50 DMA line the worse its outlook gets.
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". 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 414 in Dec '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 93, 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 |
|
Max Buy |
ACT
-
NYSE
Actavis plc
Medical-Generic Drugs
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$266.42
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-3.48
-1.29% |
$269.38
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1,937,532
60.95% of 50 DAV
50 DAV is 3,179,000
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$276.18
-3.53%
|
12/29/2014
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$260.22
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PP = $272.85
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MB = $286.49
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Most Recent Note - 1/12/2015 6:28:32 PM
Y - Hit a new high today but with only average volume. Found support at its 50 DMA line recently. 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
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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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$50.11
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-0.25
-0.50% |
$50.15
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721,664
72.24% of 50 DAV
50 DAV is 999,000
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$59.31
-15.51%
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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 - 1/14/2015 5:40:04 PM
G - Completed a new Public Offering and gapped down on 1/08/15 violating its 50 DMA line. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Trading Below 50-Day Moving Average Line Hurts Outlook - 1/14/2015
View all notes |
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C
A N
S L
I M
|
ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$175.40
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-3.81
-2.13% |
$179.00
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1,460,630
135.37% of 50 DAV
50 DAV is 1,079,000
|
$203.30
-13.72%
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10/23/2014
|
$184.01
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PP = $185.53
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MB = $194.81
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Most Recent Note - 1/13/2015 6:29:03 PM
G - Down today with higher volume, slumping toward the recent low ($176.01 on 12/17/14) which defines an important near-term support level. Negated the prior technical breakout, and for its outlook to improve it needs gain above its 50 DMA line which may act as resistance. 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
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$57.95
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-2.32
-3.85% |
$59.20
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2,618,299
122.81% of 50 DAV
50 DAV is 2,132,000
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$63.20
-8.31%
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1/7/2015
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$54.96
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PP = $58.10
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MB = $61.01
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Most Recent Note - 1/14/2015 12:07:00 PM
Y - Gapped down today following a "negative reversal" at its 52-week high on the prior session. A finish below its old high close ($56.23 on 12/03/14) would raise concerns and negate the recent technical breakout.
>>> FEATURED STOCK ARTICLE : Strong Finish Triggered a Technical Buy Signal - 1/7/2015
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C
A N
S L
I M
|
BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$216.82
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-2.78
-1.27% |
$219.95
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2,455,828
84.71% of 50 DAV
50 DAV is 2,899,000
|
$251.99
-13.96%
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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 - 1/14/2015 5:42:17 PM
G - Its 50 DMA line acted as resistance and it has tallied 4 consecutive losses, testing recent lows in the $216-217 area. More damaging losses would raise serious concerns.
>>> FEATURED STOCK ARTICLE : Lingering Below 50-Day Moving Average Line Hurts Outlook - 1/9/2015
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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 |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$46.42
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-1.45
-3.03% |
$48.00
|
385,785
95.26% of 50 DAV
50 DAV is 405,000
|
$52.89
-12.23%
|
10/23/2014
|
$45.21
|
PP = $46.09
|
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MB = $48.39
|
Most Recent Note - 1/14/2015 5:36:58 PM
G - Met resistance at its 50 DMA line and slumped today with higher 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
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C
A N
S L
I M
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
|
$76.28
|
-0.17
-0.22% |
$77.20
|
25,734,976
102.63% of 50 DAV
50 DAV is 25,076,000
|
$82.17
-7.17%
|
12/22/2014
|
$81.79
|
PP = $81.26
|
|
MB = $85.32
|
Most Recent Note - 1/12/2015 6:26:48 PM
Y - Consolidating near its 50 DMA line with volume totals cooling. Resistance remains due to overhead supply up through the $82 level.Volume-driven gains above the pivot point are still needed to clinch a proper new (or add-on) technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average After Stalling at 52-Week High - 1/12/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$182.41
|
-2.68
-1.45% |
$184.35
|
1,237,405
110.98% of 50 DAV
50 DAV is 1,115,000
|
$199.48
-8.56%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
|
MB = $205.80
|
Most Recent Note - 1/13/2015 6:19:02 PM
G - Violated its 50 DMA line with today's 3rd consecutive loss backed by above average volume triggering a technical sell signal and its color code is changed to green. Stalled after last week's rally from a "double bottom" base with volume-driven gains. Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Forming New Base And Fundamentals Remain Favorable - 12/30/2014
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$80.07
|
+0.83
1.05% |
$80.48
|
4,010,314
131.96% of 50 DAV
50 DAV is 3,039,000
|
$82.76
-3.25%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 1/13/2015 6:22:05 PM
Y - Hit a new 52-week high today but reversed into the red following 3 consecutive gains. After finding prompt support at its 50 DMA line, gains above the pivot point backed by +66% above average volume triggered a new technical buy signal on 1/09/15.
>>> FEATURED STOCK ARTICLE : Little Resistance Remains Due to Overhead Supply - 1/5/2015
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$126.30
|
+1.55
1.24% |
$126.48
|
815,563
58.05% of 50 DAV
50 DAV is 1,405,000
|
$129.42
-2.41%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 1/14/2015 5:38:31 PM
G - Perched near its all-time high, holding its ground with volume totals cooling. Prior reports cautioned members - "It has not formed a sound base. The 50 DMA line defines near-term support to watch below recent lows." See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Tech Firm Still Extended From Any Sound Base Pattern - 1/8/2015
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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 |
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$93.17
|
-0.28
-0.30% |
$93.52
|
502,674
54.94% of 50 DAV
50 DAV is 915,000
|
$100.66
-7.44%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
|
MB = $99.33
|
Most Recent Note - 1/12/2015 6:33:55 PM
Y - Still sputtering with volume totals cooling after recent losses negated the prior breakout and raised concerns. Its 50 DMA line defines the next support level to watch.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs With Volume Totals Cooling - 12/26/2014
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$22.25
|
+0.27
1.23% |
$22.63
|
124,969
57.33% of 50 DAV
50 DAV is 218,000
|
$22.44
-0.85%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
|
MB = $21.33
|
Most Recent Note - 1/13/2015 6:25:52 PM
G - There was a "negative reversal" after touching a new 52-week high on 1/02/15 and it has not formed a sound base. Prior highs and its 50 DMA line ($19.87) define near-term support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidation Following "Negative Reversal" Not Considered a Sound Base - 1/13/2015
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A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$156.80
|
-1.24
-0.78% |
$158.12
|
3,143,466
144.46% of 50 DAV
50 DAV is 2,176,000
|
$159.70
-1.82%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 1/13/2015 6:31:10 PM
G - Color code is changed to green after rallying above its "max buy" level today and hitting new 52-week and all-time highs with another volume-driven gain.
>>> FEATURED STOCK ARTICLE : Formed a Big Cup-With-Handle Base Setup - 1/6/2015
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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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