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AFTER MARKET UPDATE - TUESDAY, JANUARY 27TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-291.49 |
17,387.21 |
-1.65% |
|
Volume |
693,500,110 |
-11% |
|
Volume |
1,789,043,050 |
+13% |
|
NASDAQ |
-90.26 |
4,681.50 |
-1.89% |
|
Advancers |
1,335 |
42% |
|
Advancers |
1,046 |
33% |
|
S&P 500 |
-27.54 |
2,029.55 |
-1.34% |
|
Decliners |
1,746 |
55% |
|
Decliners |
2,014 |
64% |
|
Russell 2000 |
-6.08 |
1,194.66 |
-0.51% |
|
52 Wk Highs |
288 |
|
|
52 Wk Highs |
71 |
|
|
S&P 600 |
-3.92 |
686.24 |
-0.57% |
|
52 Wk Lows |
43 |
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|
52 Wk Lows |
49 |
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Leadership Contracted as Major Averages Suffered Big Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished firmly in negative territory on Tuesday. The volume totals were reported mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the Nasdaq exchange and 3-2 on the NYSE. Leadership cooled as there were 38 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 58 stocks. New 52-week highs still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for only 3 of the 11 high-ranked companies currently on the Featured Stocks Page.
Last Thursday's improvement from the broader market was a reassuring sign regarding the M criteria, however that recent progress has been quickly erased. Members were cautioned - "The bullish action is not a guarantee that the major averages will reach new highs and continue into new high territory. Keep in mind that new buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system."
PICTURED: The S&P 500 Index retreated 28 points to 2,029. The slump back below its 50-day moving average (DMA) line was a discouraging sign for the sputtering rally. The benchmark index's December low and 200 DMA line closely coincide and define very important near-term support to watch.
The Dow, which fell more than 390 points during the session, was down 291 to 17,387. Caterpillar (CAT -7.2%) contributed the most to the index's decline after cutting its earnings forecast. The NASDAQ Composite dropped 90 points to 4681.
U.S. equities were sharply lower after a round of disappointing profit reports and guidance by several bellwether companies. Data on manufacturing activity also weighed on the major averages. Durable goods orders unexpectedly fell -3.4% in December to offset a surprise increase in new home sales and consumer sentiment rising to its best level since August 2007.
Tech was the biggest drag on the session. Microsoft (MSFT -9.3%) suffered a large loss as quarterly results missed analyst expectations. Apple (AAPL -3.5%) fell ahead of its scheduled earnings release. Procter & Gamble (PG -3.5%) and DuPont (DD -1.3%) fell after both companies reduced their full-year forecasts citing a stronger dollar. Diamond Offshore (DO +4.5%) rose as oil advanced.
Treasuries pared gains as investors appeared to take profits heading into the conclusion of the Fed's policy meeting Wednesday. Benchmark 10-year notes rose 2/32 to yield 1.82%.
In commodities, NYMEX WTI crude advanced +1.9% to $45.99/barrel. COMEX gold gained +1.2% to $1,294.30/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Semiconductor and Networking Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares created a drag on the major averages as the Bank Index ($BKX -1.29%) and the Broker/Dealer Index ($XBD -1.15%) both fell. The Retail Index ($RLX -0.74%) also was a negative influence on the major indices. The Semiconductor Index ($SOX -1.85%) led the tech sector's retreat and the Networking Index ($NWX -0.98%) was also lower, however the Biotechnology Index ($BTK +0.20%) managed to post a small gain. The Integrated Oil Index ($XOI -0.19%) ended slightly lower. The Gold & Silver Index ($XAU +3.01%) was a standout gainer.
Charts courtesy www.stockcharts.com
PICTURED: The Oil Services Index ($OSX +0.30%) has not made a rally to challenge its 50-day since that short-term average acted as resistance in December.
| Oil Services |
$OSX |
197.64 |
+0.59 |
+0.30% |
-6.27% |
| Integrated Oil |
$XOI |
1,335.51 |
-2.57 |
-0.19% |
-0.94% |
| Semiconductor |
$SOX |
669.79 |
-12.60 |
-1.85% |
-2.49% |
| Networking |
$NWX |
347.75 |
-3.45 |
-0.98% |
-2.85% |
| Broker/Dealer |
$XBD |
169.38 |
-1.98 |
-1.15% |
-8.27% |
| Retail |
$RLX |
1,022.70 |
-7.61 |
-0.74% |
-0.97% |
| Gold & Silver |
$XAU |
81.92 |
+2.39 |
+3.01% |
+19.10% |
| Bank |
$BKX |
68.35 |
-0.89 |
-1.29% |
-7.96% |
| Biotech |
$BTK |
3,760.85 |
+7.51 |
+0.20% |
+9.36% |
|
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|
 |
Leadership Contracted as Major Averages Suffered Big Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished firmly in negative territory on Tuesday. The volume totals were reported mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the Nasdaq exchange and 3-2 on the NYSE. Leadership cooled as there were 38 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 58 stocks. New 52-week highs still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for only 3 of the 11 high-ranked companies currently on the Featured Stocks Page.
Last Thursday's improvement from the broader market was a reassuring sign regarding the M criteria, however that recent progress has been quickly erased. Members were cautioned - "The bullish action is not a guarantee that the major averages will reach new highs and continue into new high territory. Keep in mind that new buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system."
PICTURED: The S&P 500 Index retreated 28 points to 2,029. The slump back below its 50-day moving average (DMA) line was a discouraging sign for the sputtering rally. The benchmark index's December low and 200 DMA line closely coincide and define very important near-term support to watch.
The Dow, which fell more than 390 points during the session, was down 291 to 17,387. Caterpillar (CAT -7.2%) contributed the most to the index's decline after cutting its earnings forecast. The NASDAQ Composite dropped 90 points to 4681.
U.S. equities were sharply lower after a round of disappointing profit reports and guidance by several bellwether companies. Data on manufacturing activity also weighed on the major averages. Durable goods orders unexpectedly fell -3.4% in December to offset a surprise increase in new home sales and consumer sentiment rising to its best level since August 2007.
Tech was the biggest drag on the session. Microsoft (MSFT -9.3%) suffered a large loss as quarterly results missed analyst expectations. Apple (AAPL -3.5%) fell ahead of its scheduled earnings release. Procter & Gamble (PG -3.5%) and DuPont (DD -1.3%) fell after both companies reduced their full-year forecasts citing a stronger dollar. Diamond Offshore (DO +4.5%) rose as oil advanced.
Treasuries pared gains as investors appeared to take profits heading into the conclusion of the Fed's policy meeting Wednesday. Benchmark 10-year notes rose 2/32 to yield 1.82%.
In commodities, NYMEX WTI crude advanced +1.9% to $45.99/barrel. COMEX gold gained +1.2% to $1,294.30/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. |
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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
|
$280.20
|
-4.82
-1.69% |
$283.57
|
2,649,370
82.87% of 50 DAV
50 DAV is 3,197,000
|
$285.09
-1.72%
|
12/29/2014
|
$260.22
|
PP = $272.85
|
|
MB = $286.49
|
Most Recent Note - 1/26/2015 6:19:58 PM
Y - Rallied for a 6th consecutive gain and another new 52-week high, but backed by below average volume yet again. Gains above a stock's pivot point must have at least +40% above average volume to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Near High Again With No Resistance - 1/16/2015
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
|
$57.82
|
-0.02
-0.03% |
$58.83
|
1,054,524
50.26% of 50 DAV
50 DAV is 2,098,000
|
$63.20
-8.51%
|
1/7/2015
|
$54.96
|
PP = $58.10
|
|
MB = $61.01
|
Most Recent Note - 1/27/2015 6:18:18 PM
Y - Volume totals have been cooling while consolidating above its 50 DMA line where a damaging violation would trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Staying Above 50-Day Moving Average - 1/27/2015
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
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$46.61
|
-0.69
-1.46% |
$47.07
|
162,439
47.78% of 50 DAV
50 DAV is 340,000
|
$52.89
-11.87%
|
10/23/2014
|
$45.21
|
PP = $46.09
|
|
MB = $48.39
|
Most Recent Note - 1/26/2015 6:10:30 PM
G - Today's gain lacked volume conviction, yet it finished at the session high. A rebound above its downward sloping 50 DMA line ($48.51) is still needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Recovery Above 50-Day Average Needed for Outlook to Improve - 1/21/2015
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
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
|
$75.78
|
-1.72
-2.21% |
$76.88
|
20,023,100
83.70% of 50 DAV
50 DAV is 23,922,000
|
$82.17
-7.78%
|
12/22/2014
|
$81.79
|
PP = $81.26
|
|
MB = $85.32
|
Most Recent Note - 1/26/2015 6:15:26 PM
Y - Still faces resistance due to overhead supply up through the $82 level. Waning leadership (L criteria) in the Internet - Content industry group is a concern. Subsequent volume-driven gains for new highs are needed to clinch a new 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
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$203.25
|
+1.57
0.78% |
$206.00
|
1,659,213
136.56% of 50 DAV
50 DAV is 1,215,000
|
$201.95
0.64%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
|
MB = $205.80
|
Most Recent Note - 1/26/2015 6:17:50 PM
Y - Hit a new 52-week high with today's gain backed by only +9% above average volume. No resistance remains due to overhead supply. Rebounded above its 50 DMA line with a considerable gain backed by 2 times average volume on 1/20/15.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 1/20/2015
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
|
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 |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$78.03
|
-1.10
-1.38% |
$78.88
|
2,737,203
93.71% of 50 DAV
50 DAV is 2,921,000
|
$82.76
-5.72%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 1/27/2015 6:27:20 PM
Y - Still consolidating above its 50 DMA line ($76.38) which acted as support following a "negative reversal" at its 52-week high. Little resistance remains to hinder its progress.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Support After "Negative Reversal" - 1/22/2015
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
|
OTEX
-
NASDAQ
Open Text Corp
INTERNET - Internet Software and Services
|
$59.59
|
+0.81
1.38% |
$59.95
|
548,854
241.79% of 50 DAV
50 DAV is 227,000
|
$60.44
-1.41%
|
1/26/2015
|
$58.41
|
PP = $59.67
|
|
MB = $62.65
|
Most Recent Note - 1/27/2015 6:29:45 PM
Y - Today's gain backed by +142% above average volume still left it finishing 8 cents short of the pivot point cited based on its 12/24/14 high. To clear the "double bottom" base it needs additional volume-driven gains above the pivot point that may trigger a convincing technical buy signal. Little resistance remains due to overhead supply up through the $60 level. See the latest FSU analysis for more details and an annotated weekly graph.
>>> FEATURED STOCK ARTICLE : Churning Action Indicates Distributional Pressure - 1/26/2015
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
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$126.00
|
-0.93
-0.73% |
$127.55
|
638,612
47.03% of 50 DAV
50 DAV is 1,358,000
|
$129.42
-2.65%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 1/23/2015 5:44:30 PM
G - Posted a gain today with below average volume nearly challenging its all-time high. It still has not formed a sound base. The 50 DMA line ($119.73) and the recent low ($117.60 on 1/02/15) define important near-term support to watch where violations may trigger technical sell signals.
>>> 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 |
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C
A N
S L
I M
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$92.05
|
-1.15
-1.23% |
$93.00
|
394,080
41.92% of 50 DAV
50 DAV is 940,000
|
$100.66
-8.55%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
|
MB = $99.33
|
Most Recent Note - 1/23/2015 5:45:49 PM
Y - Still holding its ground at its 50 DMA line ($89.94) defining support. A subsequent violation would raise greater concerns and trigger a technical sell signal.
>>> 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 |
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$23.78
|
-0.15
-0.63% |
$24.27
|
173,757
87.32% of 50 DAV
50 DAV is 199,000
|
$24.33
-2.26%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
|
MB = $21.33
|
Most Recent Note - 1/23/2015 5:48:55 PM
G - Extended from any sound base, and there was a "negative reversal" for a loss on light volume today after hitting another new 52-week high. Its 50 DMA line ($20.63) defines near-term support to watch.
>>> 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 |
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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 |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$160.80
|
+0.94
0.59% |
$161.43
|
1,336,522
62.08% of 50 DAV
50 DAV is 2,153,000
|
$160.99
-0.12%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 1/23/2015 5:38:59 PM
G - Color code was changed to green after quietly rising above its "max buy" level, getting extended from its prior base. Prior highs in the $149 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High Following 3 Quiet Gains - 1/23/2015
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
|
|
|
|
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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