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AFTER MARKET UPDATE - THURSDAY, JANUARY 15TH, 2015
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Indices NYSE Nasdaq
DOW  -106.38 17,320.71 -0.61% Volume 858,208,830 -5% Volume 1,816,649,890 -6%
NASDAQ -68.50 4,570.82 -1.48% Advancers 1,101 34% Advancers 619 20%
S&P 500 -18.60 1,992.67 -0.92% Decliners 2,005 63% Decliners 2,472 78%
Russell 2000 -22.35 1,154.71 -1.90% 52 Wk Highs 196   52 Wk Highs 35  
S&P 600 -10.99 666.51 -1.62% 52 Wk Lows 116   52 Wk Lows 135  

Major Averages Unanimously Suffered a 5th Consecutive Loss

Stocks finished firmly lower on Thursday. The S&P 500 declined 19 points to close below 2,000 at 1,992. The NASDAQ Composite dropped 69 points to 4,570. The volume totals were lighter on the NYSE and on the Nasdaq exchange versus the prior session. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the NYSE and 4-1 on the Nasdaq exchange. There were 30 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 25 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE, but new lows led new highs on the Nasdaq exchange. There were losses for 12 of the 13 high-ranked companies currently on the Featured Stocks Page

Regarding the M criteria of the fact-based investment system, better action from the broader market would be a reassuring sign, however the major averages have been steadily retreating and enduring distributional pressure since last Thursday's big +1.8% gain from the Nasdaq Composite Index with higher volume was noted as a follow-through day.  New buying efforts should only be made in stocks meeting all fundamental and technical guidelines.

 

PICTURED: The Dow Jones Industrial Average suffered a 5th consecutive loss, slumping near prior lows and toward its 200-day moving average (DMA) line.

The major averages extended their losses to a fifth session after the Swiss Bank unexpectedly announced it was unpegging its currency against the euro. Today’s economic and corporate profit releases provided additional market headwinds. Initial jobless claims rose to 316,000 from 297,000 compared to a projected decline to 290,000. A gauge of inflation showed producer prices fell -0.3% in December. Bank of America (BAC -5.2%) and Citigroup (C -3.7%) paced financials lower after both posted disappointing quarter results.

Tech was down the most on the session as Apple (AAPL -2.7%) fell. Energy fell as oil resumed its retreat after briefly breaking above $50/barrel in early trading. Schlumberger (SLB -2.3%) was lower ahead of its earnings release after the close. Utilities were the best performing with Duke Energy (DUK +1.2%) rising. Target was a notable gainer, increasing (TGT +1.8%) after announcing plans to exit Canada.

Treasuries rose with the 10-year note up 1 and 1/32 to yield 1.74%. In commodities, WTI crude dropped -4.6% to $46.23/barrel on the NYMEX. COMEX gold gained +1.9% to $1,258.50/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.


Gold & Silver Index Posts Standout Gain on Mostly Negative Session

Energy-related shares were weaker and the Oil Services Index ($OSX -2.95%) outpaced the Integrated Oil Index ($XOI -0.88%) to the downside. The tech sector saw unanimous losses from the Networking Index ($NWX -2.29%), Biotechnology Index ($BTK -1.98%), and the Semiconductor Index ($SOX -0.78%). Weakness in the Retail Index ($RLX -1.90%) and financial shares weighed on the major averages and rounded out the mostly negative session as the Broker/Dealer Index ($XBD -2.12%) and Bank Index ($BKX -1.79%) both ended with losses.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +5.36%) was a standout gainer. It avoided undercutting its November lows when sagging again late last year, and it has been making progress in January after rebounding above its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  183.59 -5.58 -2.95% -12.94%
Integrated Oil $XOI  1,243.39 -11.05 -0.88% -7.77%
Semiconductor $SOX  656.51 -5.14 -0.78% -4.42%
Networking $NWX  340.16 -7.96 -2.29% -4.97%
Broker/Dealer $XBD  170.37 -3.69 -2.12% -7.73%
Retail $RLX  971.82 -18.83 -1.90% -5.90%
Gold & Silver $XAU  77.21 +3.93 +5.36% +12.26%
Bank $BKX  66.40 -1.21 -1.79% -10.58%
Biotech $BTK  3,542.85 -71.55 -1.98% +3.02%


Fell Near 50-Day Moving Average After Negating Prior Breakout

Restoration Hardware Hld (RH  -$2.28 or -2.45% to $90.89) fell today testing its 50-day moving average (DMA) line which defines important support. It has been sputtering with volume totals cooling after recent losses negated the prior breakout and raised concerns. The Retail - Home Furnishings firm was last shown in this FSU section on 12/26/14 with annotated graphs under the headline, "Consolidating Above Prior Highs With Volume Totals Cooling". Members were reminded - "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." 

RH was first highlighted in yellow with a pivot point cited based on its 6/30/14 high plus 10 cents in the 12/11/14 mid-day report (read here). Convincing volume-driven gains helped clinch a convincing technical buy signal, but it stalled soon thereafter.

It reported that Oct '14 earnings rose +53% on +22% sales revenues versus the year ago period, continuing its streak of strong quarterly earnings above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been very strong since reorganization and trading began on 11/02/12. It completed a Secondary Offering 7/12/13 and named a new CEO 1/31/14. Its Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 274 in Dec '13 to 353 in Dec '14, a reassuring sign of increasing institutional interest (I criteria).


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  
$263.75 -2.67
-1.00%

$268.86

2,570,304
80.75% of 50 DAV
50 DAV is 3,183,000
$276.18
-4.50%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
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
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
AFSI - NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance  
$50.00 -0.11
-0.22%

$50.36

770,649
79.78% of 50 DAV
50 DAV is 966,000
$59.31
-15.70%
10/17/2014 $45.24 PP = $46.02
MB = $48.32
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 | 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
ALXN - NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$172.87 -2.53
-1.44%

$177.83

1,680,510
155.03% of 50 DAV
50 DAV is 1,084,000
$203.30
-14.97%
10/23/2014 $184.01 PP = $185.53
MB = $194.81
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
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  
$53.61 -4.34
-7.49%

$59.13

2,072,108
97.47% of 50 DAV
50 DAV is 2,126,000
$63.20
-15.17%
1/7/2015 $54.96 PP = $58.10
MB = $61.01
Most Recent Note - 1/15/2015 5:43:25 PM
Y - Finished near the session low with today's 3rd consecutive loss following a "negative reversal" at its 52-week high. The finish below its old high close ($56.23 on 12/03/14) raised concerns and completely negated the recent technical breakout.
>>> 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   Daily Graphs Online Stock Checkup
BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$215.97 -0.85
-0.39%

$219.50

2,340,478
82.85% of 50 DAV
50 DAV is 2,825,000
$251.99
-14.29%
10/30/2014 $234.08 PP = $231.51
MB = $243.09
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
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
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$45.41 -1.01
-2.18%

$46.78

191,669
48.16% of 50 DAV
50 DAV is 398,000
$52.89
-14.14%
10/23/2014 $45.21 PP = $46.09
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
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
FB - NASDAQ
Facebook Inc Cl A
INTERNET  
$74.05 -2.23
-2.92%

$76.57

34,093,924
138.02% of 50 DAV
50 DAV is 24,703,000
$82.17
-9.88%
12/22/2014 $81.79 PP = $81.26
MB = $85.32
Most Recent Note - 1/15/2015 12:44:13 PM
G - Sputtering below its 50 DMA line with today's 5th consecutive loss and its color code is changed to green. Relative Strength rating has slumped to 82, but remains above the 80+ minimum guideline for buy candidates. Needs a rebound above the 50 DMA line for its outlook to improve, and it also faces resistance due to overhead supply up through the $82 level. Subsequent volume-driven gains above the pivot point are needed to clinch a proper new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average After Stalling at 52-Week High - 1/12/2015
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
ILMN - NASDAQ
Illumina Inc
DRUGS - Biotechnology  
$180.91 -1.50
-0.82%

$185.49

1,703,098
152.88% of 50 DAV
50 DAV is 1,114,000
$199.48
-9.31%
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
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  
$76.61 -3.46
-4.32%

$80.75

4,791,173
158.96% of 50 DAV
50 DAV is 3,014,000
$82.76
-7.43%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
Most Recent Note - 1/15/2015 12:56:55 PM
Y - Holding its ground near its 52-week high following a "negative reversal" on 1/13/15. Found prompt support at its 50 DMA line and then 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
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  
$122.08 -4.22
-3.34%

$127.19

1,161,499
83.08% of 50 DAV
50 DAV is 1,398,000
$129.42
-5.67%
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
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
RH - NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores  
$89.19 -3.98
-4.27%

$93.88

790,372
86.38% of 50 DAV
50 DAV is 915,000
$100.66
-11.39%
12/11/2014 $98.66 PP = $94.60
MB = $99.33
Most Recent Note - 1/15/2015 5:46:36 PM
Y - Recent losses negated the prior breakout and raised concerns. Today's loss tested its 50 DMA line ($88.64) defining support where a subsequent violation would raise greater concerns and trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Fell Near 50-Day Moving Average After Negating Prior Breakout - 1/15/2015
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
UIHC - NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl  
$22.72 +0.47
2.11%

$23.33

186,511
87.98% of 50 DAV
50 DAV is 212,000
$22.63
0.40%
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
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
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$154.29 -2.51
-1.60%

$158.56

2,444,900
110.43% of 50 DAV
50 DAV is 2,214,000
$159.70
-3.39%
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
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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