FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, January 28th, 2015

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AFTER MARKET UPDATE - WEDNESDAY, JANUARY 28TH, 2015

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Indices				NYSE			Nasdaq
DOW	-195.84	17,191.37	-1.13%	Volume	835,274,990	+20%	Volume	1,960,305,990	+10%
NASDAQ	-43.51	4,637.99	-0.93%	Advancers	823	26%	Advancers	714	23%
S&P 500	-27.39	2,002.16	-1.35%	Decliners	2,307	72%	Decliners	2,278	74%
Russell 2000	-19.54	1,175.12	-1.64%	52 Wk Highs	342		52 Wk Highs	82
S&P 600	-10.01	676.23	-1.46%	52 Wk Lows	96		52 Wk Lows	77

Indices Smacked With More Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks gave up early gains and finished firmly in negative territory on Wednesday. The Dow declined 196 points to 17,191. The S&P 500 retreated 27 points to 2,002. The volume totals were reported higher than the prior session totals on the Nasdaq exchange and on the NYSE, indicating an increase in distributional selling pressure from the institutional crowd. Breadth was negative as decliners led advancers by a 3-1 margin on the Nasdaq exchange and nearly 3-1 on the NYSE. There were 56 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 38 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for only 4 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 progress was quickly erased and followed by more worrisome damage. 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 NASDAQ Composite, which had been up as many as 61 points, closed down 44 at 4,637. All of the major averages are unanimously slumping below their respective 50-day moving average (DMA) lines.

Stocks gave up early gains to finish firmly lower on Wednesday. The major averages ended a choppy session in negative territory as investors weighed commentary from the Fed. As expected, the central bank maintained its current stance to be "patient" with raising interest rates. Despite an increased U.S. outlook, policy makers said they remain cautious on the impact of international risks to the economy.

Market weakness was also attributed to a selloff in energy and materials. Exxon (XOM -3.3%) and Nabors Industries (NBR -11.7%) slumped as NYMEX WTI crude dropped -4% to $44.37/barrel after a report showed U.S. inventories rose to a record level. Freeport McMoRan (FCX -5.2%) fell after saying it would cut spending due to falling commodity prices.

Tech was the lone sector up today. Apple (AAPL +5.7%) set a strong pace after its quarterly results handily beat analyst expectations. In the industrials, Boeing (BA +5.4%) climbed after the aircraft maker reported earnings ahead of consensus estimates.

Treasuries were firmly higher following the Fed statement. The 10-year note rose 29/32 to yield 1.72%. COMEX gold fell -0.5% to $1,285.10/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.

Commodity-Linked Groups Led Widespread Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were standout decliners on Wednesday as the Oil Services Index ($OSX -5.59%) and the Integrated Oil Index ($XOI -3.55%) tumbled and the Gold & Silver Index ($XAU -4.24%) sank. Financial shares' weakness also weighed on the major averages as the Bank Index ($BKX -2.44%) and Broker/Dealer Index ($XBD -2.28%) both lost ground. The Retail Index ($RLX -0.89%) also had a negative bias. The Biotechnology Index ($BTK -2.36%) outpaced the Semiconductor Index ($SOX -0.56%) and Networking Index ($NWX -0.30%) as tech shares slumped.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -4.24%) has been trading below its 200-day moving average (DMA) line since September 2014.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	186.59	-11.05	-5.59%	-11.51%
Integrated Oil	$XOI	1,288.04	-47.47	-3.55%	-4.46%
Semiconductor	$SOX	666.07	-3.72	-0.56%	-3.03%
Networking	$NWX	346.72	-1.04	-0.30%	-3.14%
Broker/Dealer	$XBD	165.52	-3.86	-2.28%	-10.35%
Retail	$RLX	1,013.64	-9.06	-0.89%	-1.85%
Gold & Silver	$XAU	78.45	-3.47	-4.24%	+14.06%
Bank	$BKX	66.68	-1.67	-2.44%	-10.21%
Biotech	$BTK	3,672.01	-88.84	-2.36%	+6.77%

Finished With a Loss and Near Session Low After Chance at Best-Ever Close
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Palo Alto Networks (PANW -$0.55 or -0.44% to $125.45) finished near the session low with a loss after early gains had it poised for a best-ever close. It has seen volume totals generally cooling in recent weeks while consolidating well above its 50-day moving average (DMA) line ($120.77). That short-term average and the recent low ($117.60 on 1/02/15) define important near-term support to watch where violations may trigger technical sell signals.

The Computer Software - Security firm was last shown in this FSU section with annotated graphs on 1/08/15 under the headline, "Tech Firm Still Extended From Any Sound Base Pattern", and gains since have come with lighter than average volume. Disciplined investors avoid chasing extended stocks more the +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.

The number of top-rated funds owning its shares rose from 246 in Jun '13 to 562 in Dec '14, a reassuring sign concerning the I criteria. Its small supply (S criteria) of 66.9 million shares in the public float is another favorable characteristic. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days.

It recently reported earnings +88% on +50% sales revenues for the Oct '14 quarter. It has an Earnings Per Share (EPS) Rating of 80. Reviewing prior reports with annotated graphs carefully, it appears that the Apr '14 quarter now shows a -71% earnings comparison versus the year ago period. Previous annotated graphs published showed a more favorable comparison with strong sales revenues increases and earnings above the +25% minimum guideline satisfying the C criteria. It is unclear what prompted the apparent adjustment in the numbers as reported by the graph provider. Members are reminded that the fact-based investment system suggests waiting for the right time to buy, and only buying stocks showing strong quarterly and annual earnings (A criteria) increases.

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	$273.88	-6.32 -2.26%	$282.50	2,206,869 69.20% of 50 DAV 50 DAV is 3,189,000	$285.09 -3.93%	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	$57.00	-0.82 -1.42%	$59.11	964,745 46.03% of 50 DAV 50 DAV is 2,096,000	$63.20 -9.81%	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	$47.50	+0.89 1.91%	$48.44	360,422 106.01% of 50 DAV 50 DAV is 340,000	$52.89 -10.19%	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	$76.24	+0.46 0.61%	$77.64	46,894,236 197.09% of 50 DAV 50 DAV is 23,793,900	$82.17 -7.22%	12/22/2014	$81.79	PP = $81.26
								MB = $85.32
Most Recent Note - 1/28/2015 6:31:54 PM G - Ended below its 50 DMA line and near the session low today after churning above average volume and its color code is changed to green. Faces resistance due to overhead supply up through the $82 level. Waning leadership (L criteria) in the Internet - Content industry group is a concern. >>> 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	$197.86	-5.39 -2.65%	$213.33	2,261,569 182.83% of 50 DAV 50 DAV is 1,237,000	$206.00 -3.95%	12/30/2014	$186.26	PP = $196.00
								MB = $205.80
Most Recent Note - 1/28/2015 1:07:31 PM Y - Reported earnings +93% on +32% sales revenues for the Dec '14 quarter. There was a "negative reversal" after gapping up today and hitting a new 52-week high. Prior gains lacked great volume conviction. No resistance remains due to overhead supply. >>> 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	$79.13	+1.10 1.41%	$82.14	5,570,191 189.91% of 50 DAV 50 DAV is 2,933,000	$82.76 -4.39%	1/5/2015	$76.43	PP = $78.44
								MB = $82.36
Most Recent Note - 1/28/2015 1:15:54 PM Y - Small gap up gain today has it poised for a best-ever close, and little resistance remains to hinder its progress. Its 50 DMA line acted as support following a "negative reversal" at its 52-week high. >>> 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 \| Request a new note C A N S L I M
OTEX - NASDAQ Open Text Corp INTERNET - Internet Software and Services	$54.17	-5.42 -9.10%	$56.90	2,130,829 906.74% of 50 DAV 50 DAV is 235,000	$60.44 -10.37%	1/26/2015	$58.41	PP = $59.67
								MB = $62.65
Most Recent Note - 1/28/2015 1:22:04 PM G - Color code is changed to green. Gapped down today for a damaging volume-driven loss violating its 50 DMA line and testing support at its 200 DMA line. Reported earnings +23% on +29% sales revenues for the Dec '14 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns. It did not clear the previously noted "double bottom" base and trigger a convincing technical buy signal. 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 \| Request a new note C A N S L I M
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$125.45	-0.55 -0.44%	$128.82	865,873 63.85% of 50 DAV 50 DAV is 1,356,000	$129.42 -3.07%	7/30/2014	$84.21	PP = $85.88
								MB = $90.17
Most Recent Note - 1/28/2015 6:24:49 PM G - Ended near the session low with a loss on light volume after it was poised for a best-ever close. The 50 DMA line ($120.77) and recent low ($117.60 on 1/02/15) define important near-term support to watch where violations may trigger technical sell signals. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Finished With a Loss and Near Session Low After Chance at Best-Ever Close - 1/28/2015 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
RH - NYSE Restoration Hardware Hld RETAIL - Home Furnishing Stores	$91.91	-0.14 -0.15%	$93.86	488,467 52.24% of 50 DAV 50 DAV is 935,000	$100.66 -8.69%	12/11/2014	$98.66	PP = $94.60
								MB = $99.33
Most Recent Note - 1/28/2015 6:26:25 PM Y - Volume totals have been cooling while consolidating above its 50 DMA line ($90.62) defining important near-term 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 \| Request a new note C A N S L I M
UIHC - NASDAQ United Insurance Holding Insurance-Prop/Cas/Titl	$25.32	+1.54 6.48%	$26.27	792,717 396.36% of 50 DAV 50 DAV is 200,000	$24.33 4.07%	12/5/2014	$20.64	PP = $20.31
								MB = $21.33
Most Recent Note - 1/28/2015 1:33:27 PM G - Gapped up today for a considerable volume-driven gain hitting another new 52-week high, getting more extended from any sound base. Its 50 DMA line 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 \| 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$160.59	-0.21 -0.13%	$162.80	2,141,402 100.25% of 50 DAV 50 DAV is 2,136,000	$161.43 -0.52%	1/5/2015	$144.84	PP = $149.90
								MB = $157.40
Most Recent Note - 1/28/2015 6:28:44 PM G - Reversed into the red for a small loss on average volume after hitting another new 52-week high today. Extended from any sound base. Its 50 DMA line defines near-term support to watch. >>> 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 \| 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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